German producer prices post biggest decline on record in September
© Reuters. FILE PHOTO: A steel worker of ThyssenKrupp walks in front of a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, November 14, 2022. REUTERS/Wolfgang Rattay//File Photo
Producer prices fell slightly more than expected in September, decreasing by 14.7% on the year, the federal statistics office reported on Friday.As a result of the war in Ukraine, the increase in producer prices in September 2022 was 45.8% on the year, the highest registered since records began. Therefore, the comparison between September 2022 and September 2023 showed a strong decline.
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