Germany's producer prices in November post first annual increase since mid-2023
Higher capital goods prices main reason for annual increase in producer prices in Germany
By Gokhan Ergocun
ISTANBUL (AA) - Producer prices in Germany were up 0.1% in November on a yearly basis, the federal statistics bureau Destatis said on Friday.
The increase in November was the first year-on-year rise since June 2023, Destatis noted.
Higher capital goods prices were the main reason for the annual climb in producer prices.
Capital goods prices in November rose 1.9% versus the same month last year.
Meanwhile, producer prices went up 0.5% on a monthly basis in November.
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