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- German producer prices rose less than expected in December
German producer prices rose less than expected in December
According to the report from Federal Statistical Office (Destatis), in December 2019, the index of producer prices for industrial products decreased by 0.2% compared to the corresponding month of the preceding year. In November 2019 the annual rate of change all over had been -0.7%.
Compared with the preceding month November 2019 the overall index slightly rose by 0.1% in December 2019. Economists had expected a 0.2% increase.
In 2019, the index rose by 1.1% on an annual average from the preceding year.
In December 2019, energy prices as a whole decreased by 2.4% compared to December 2018 (-0.4% compared to November 2019). The overall index disregarding energy was 0.4% up on December 2018 and 0.2% on November 2019. Prices of intermediate goods decreased by 1.8% compared to December 2018. Compared to November 2019 they slightly rose by 0.1% in December 2019. Prices of durable consumer goods were up 1.1%, prices of capital goods increased by 1.4%. Prices of non-durable consumer goods increased by 3.6% compared to December 2018 (+0.9% on November 2019). Food prices were 5.1% up on December 2018.
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