German November Producer Prices Unchanged on Month
19 December 2014 - 6:48PM
Dow Jones News
By Emese Bartha
FRANKFURT--Germany's producer prices surprised on the upside in
November as energy prices remained unchanged from October, data
from the Federal Statistics Office showed on Friday.
Producer prices in Europe's largest economy were stable on the
month in November and fell 0.9% on the year, Destatis said.
Economists had forecast producer prices falling 0.2% on the month
and declining 1.1% on the year. In October, producer prices fell
0.2% on the month and 1.0% on the year.
Energy prices rose 0.5% on the month, but fell 3.1% from the
same month of last year. The statistics office said that without
energy, producer prices were 0.2% lower on the month and 0.2% on
the year.
Prices at the factory gates have an effect on but don't
translate directly into prices paid by consumers.
Write to Emese Bartha at emese.bartha@wsj.com