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Germany November PPI -3.9% vs -2.5% m/m expected

Germany November PPI -3.9% vs -2.5% m/m expected
  • Prior -4.2%
  • PPI +28.2% vs +30.6% y/y expected
  • Prior +34.5%

German producer prices fell by more than estimated last month, mainly due to a decline in energy prices (which fell by 9.6%). A slight negative to the report though is that there is growth seen in prices of non-durable consumer goods (+0.2%), mainly due to increasing food prices.

This article was written by Justin Low at www.forexlive.com... Read More
Posted: Dec 20 2022, 07:00
Author Name: forexlive
Views: 110784

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