German producer prices dropped in August

Source: Marketwatch
© Scanpix/Reuters
The goods' prices in the EU's largest economy declined far more than expectated in August, which was heavily influenced by energy prices. Producer prices dropped 0.5% month-on-month in August and were 1.7% below the numbers of the same period last year. With the exception of energy prices, the German producer prices decreased 0.2% on a monthly basis and fell 0.5% year-on-year. 
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