Germany’s producer prices declined further in October, albeit at a softer pace, data from Destatis revealed on Friday.

The producer price index fell 0.7 percent year-on-year in October, slower than the 1.0 percent decrease in September. Prices have decreased for the ninth consecutive month.

On a monthly basis, producer prices rose 0.1 percent in October, after a 0.4 percent increase in the previous month.

Excluding energy, producer prices rose 0.1 percent from a year ago. Energy prices fell 2.9 percent.

Among other components, prices of intermediate goods and non-durable consumer goods fell 0.4 percent and 0.5 percent, respectively.

Meanwhile, durable consumer goods and capital goods prices accelerated 1.4 percent and 0.9 percent, respectively.

The material has been provided by InstaForex Company – www.instaforex.com

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