By BERLIN (Reuters) – German producer prices fell in line with expectations in October, the federal statistics office said on Monday, continuing a downward trend after a record fall in September.
Compared with October 2022, prices were down 11.0%, which had also been the expectations of analysts polled by Reuters.
The office pointed out the 27.9% yearly fall in energy prices as the main reason for the decline in producer prices.
With energy prices excluded, prices were 0.2% higher than in October 2022, according to the office.
Compared with September, producer prices fell by 0.1%, it said. The office publishes more detailed data on its website.
(Reporting by Tristan Veyet; Editing by Miranda Murray)
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