Germany's producer prices fell by 3% in January, exceeding expectations

Investing.com – Data released by the Federal Statistical Office of Germany on Friday show that producer prices declined by 3% year-on-year in January.

This drop exceeded analysts’ expectations. Economists surveyed by Reuters had previously forecast a 2.1% decrease for the month.

Official data from the Federal Statistical Office of Germany indicate that the producer price decline in Europe’s largest economy surpassed expectations.

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