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German PPI falls to 12.6% in August Y/Y

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Sep. 20, 2023 2:07 AM ETEWG, FGM, DBGR, DXGEBy: Arundhati Sarkar, SA News Editor

Pariser Platz and Brandeburg Tor - Berlin

franckreporter/iStock via Getty Images

  • Producer prices in Germany fell to 12.6% in August over the same month in the previous year, registering a second straight month of decline. 

  • Excluding energy, producer prices grew by 1.2%. 

  • On a monthly basis, PPI increased to 0.30% in August from -1.10% in July, compared to estimates of a 0.2% rise. This was the first increase in four months.

  • ETFs: (EWG), (DBGR), (FGM), (DXGE)

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