Economic Indicators
German producer prices unexpectedly fall in October
2022.11.21 02:30
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© Reuters. FILE PHOTO: A worker wears a protective mask at the Volkswagen assembly line after VW re-starts Europe’s largest car factory after coronavirus shutdown in Wolfsburg, Germany, April 27, 2020, as the spread of the coronavirus disease (COVID-19) continues.
BERLIN (Reuters) – German producer prices fell unexpectedly on the month in October, due primarily to a dip in prices for electricity and distributed , according to data released on Monday.
Producer prices of industrial products fell 4.2% on the month, the Federal Statistical Office reported, compared with economists’ expectations for a rise of 0.9%.
Compared to October 2021, prices rose 34.5%, which was below consensus for 41.5%.
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