German producer prices unexpectedly rise 0.1%

NAMPA / DPA

2024-12-20

Berlin (dpa-AFX) - The declining trend in German producer prices unexpectedly ceased in November, data from statistical office Destatis showed on Friday, with producer prices rising 0.1% year-on-year in November, reversing a 1.1% fall in the prior month. Economists had expected a further fall of 0.3%. Moreover, producer prices increased for the first time since June 2023, when prices had risen 1.2%. The renewed rise in November was mainly driven......

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