German producer prices drop more than expected in January

German producer prices fell 3 percent in January exceeding the expected 2.1 percent drop. The federal statistics office released the latest figures today.

German producer prices in Germany DEDE fell by 3% year-on-year in January, according to data published today by the federal statistics office. This decline was larger than the 2.1% drop that analysts polled by Reuters had expected, marking a bigger-than-anticipated move compared to market expectations.
A view of vegetables on display at the International Green Week agriculture fair in Berlin, Germany, on January 19, 2024. REUTERS/Annegret Hilse
A view of vegetables on display at the International Green Week agriculture fair in Berlin, Germany, on January 19, 2024. REUTERS/Annegret Hilse
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