German producer prices fall for 4th consecutive month in October
Producer prices dive 11% from year ago in October, on back of lower energy prices
By Tuba Ongun
ANKARA (AA) – Producer prices in Germany decreased for the fourth straight month in October due to a base effect, the country's statistical bureau announced on Monday.
The producer prices of industrial products plunged 11% year-on-year in October, mostly led by lower energy prices, Destatis said.
The fall in the figure eased from a record decline of 14.7% decline in September.
Energy prices in October plummeted 27.9% from a year ago, and intermediate goods prices dropped 4.6% in the same period.
On a monthly basis, producer prices in October slipped 0.1% from September.
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