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German producer prices fall in September

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German producer prices fall in September

Annual German producer prices fell 0.1% year over year in September, following a 0.3% rise in August, data from the Federal Statistical Office showed.

The consensus estimate of economists polled by Econoday was for an annual decline of 0.3%.

Energy prices dropped 1.9% in September, while intermediate goods' prices fell 1.0%. Prices of capital, durable consumer and nondurable consumer goods rose 1.5%, 1.4% and 1.8%, respectively.

On a monthly basis, producer prices grew 0.1% in September, as opposed to a 0.5% fall in the prior month and the Econoday consensus estimate of a 0.1% dip.