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Germany Producer Price Inflation Eases To 15.8%, Lowest Since Sep 2021

March 20, 2023

Germany’s producer price inflation eased for the fifth straight month in February to reach its lowest level in nearly one-and-a-half years amid a continued slowdown in energy prices, preliminary data from Destatis showed on Monday.

The producer price index, or PPI, climbed 15.8 percent year-over-year in February, which was slower than the 17.6 percent rise in January. Economists had forecast the price growth to ease to 14.5 percent.

Further, the latest inflation rate was the weakest since September 2021, when prices had risen 14.2 percent.

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