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- German producer prices are flat in March
German producer prices are flat in March
Destatis released its producer price index (PPI) for Germany on Wednesday. German PPI producer prices were flat in March, missing expectations for a 0.2% rise, after a 0.5% drop in February.
On a yearly basis, German PPI dropped 3.1% in March, missing expectations for a 2.9% decrease, after a 3.0% fall in February. It was the biggest drop since January 2010.
PPI excluding energy sector fell by 0.9% year-on-year in March.
Energy prices were down 9.2% year-on-year in March.
Consumer non-durable goods prices fell 0.3% year-on-year in March, intermediate goods sector prices decreased by 2.3%, while capital goods prices increased 0.6% and durable consumer goods sector prices gained 1.4%.
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