BERLIN (Reuters) – German producer prices rose in November but at a slower rate than forecast, adding to signs that high inflation could be waning in Europe’s largest economy, according to data released on Tuesday.
Producer prices of industrial products rose 28.2% on the same month last year, the Federal Statistical Office reported, compared with analysts’ expectations for the rate of increase to ease to 30.6%.
October’s producer prices rose 34.5% year-on-year.
Compared with October 2022, prices fell 3.9%, which was below consensus for a drop of 2.5%.
(Reporting by Rachel More and Miranda Murray)
