Germany’s index for producers’ industrial product prices declined by 1.2pc in August from a year ago, according to the Federal Statistical Office of Germany (Destatis). 

 

Compared to July, the overall index for producer prices was mostly unchanged in August, increasing by just 0.2pc. 

 

The price of intermediate goods was down by 2pc in August from a year earlier, with secondary raw material and basic iron prices decreasing by 16.8pc, while steel and ferro-alloy prices declined by 8.7pc. 

 

Non-durable consumer goods prices climbed by 0.3pc on an annual basis in August, while capital goods rose by 1pc and durable consumer goods increased by 1.5pc, according to the Destatis data.

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