According to Destatis:
- Energy prices were 6.6% lower in September 2024, compared with September 2023, the main contributor to the drop in producer prices.
- Mineral oil products were 14.4% lower than September 2023, while fuel costs decreased by 16.1% year-on-year.
- Natural gas prices were 10.4% lower across all consumer groups, and electricity prices declined by 9.5%.
- Excluding energy, producer prices advanced by 1.2% year-on-year in September.
- Month-on-month, producer prices fell by 0.5%, contrasting with a 0.2% increase in August 2024.
Producer Prices Signal Weaker Demand
The sharper fall in producer prices suggested waning demand as producers reduce prices in a…
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