Germany’s producer prices for industrial products fell by 0.8 per cent in July 2024 compared to the previous year, driven by a 4.1 per cent decline in energy prices, according to Destatis.
However, prices rose 0.2 per cent from June 2024.
Excluding energy, producer prices increased by 0.9 per cent YoY.
Non-durable consumer goods saw slight price increases.