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German Producer Prices Fall More Than Expected in September

German producer prices fell more than expected in September, declining 1.4% year on year, due mainly to significantly lower energy prices, the federal statistics office said on Monday.

Analysts polled by Reuters had expected a 1.0% decline.

The main reason for the dip was lower energy prices, which were 6.6% lower in September compared with the same month last year. Mineral oil products in particular were down 14.4%.

Excluding energy prices, producer prices were up 1.2%, with higher costs for capital, consumer and intermediate goods...

 

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