Germany producer inflation at 13-month low in December 2022
Producer prices rose 21.6% year-on-year, down from 28.2% due to slowdown in energy price hike
By Tuba Sahin
ANKARA (AA) - Germany's producer prices increased at the slowest pace in December 2022 since November 2021, according to official figures released Tuesday.
The annual producer inflation in Germany decreased to 21.6% in December, down from 28.2% in November last year, said the federal statistical bureau Destatis.
This was the third consecutive month of decline in Germany's producer inflation thanks to slowdown in energy price hike.
Energy prices as a whole climbed 41.9% year-on-year in December, easing from a 65.8% surge in November.
On a monthly basis, the producer prices fell 0.4% in December, following a 3.9% decrease in November.
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