German September producer prices fall 1.7% vs 2024

(Sharecast News) - German producer prices fell 1.7% last month year on year due to lower energy costs, according to official statistics published on Monday. Prices fell 0.1% compared to August, the federal stats agency added. Energy prices fell 7.3% year-on-year, with natural gas prices down 10.7% annually and electricity prices declining by 10.2%.

Capital goods prices in were up 1.9% year on year and 0.1% compared with August. Machinery was 1.8% more expensive than in September 2024. Motor vehicles, trailers and semi-trailers increased by 1.1% compared with September 2024 and 0.2% on August.

Reporting by Frank Prenesti for Sharecast.com