Producer prices down 1.7% in Germany in September

ISTANBUL

Germany's producer prices decreased 1.7% in September on a yearly basis, thanks to lower energy prices, federal statistical bureau Destatis announced on Monday.

Energy prices fell 7.3% over the same period, Destatis said, adding that intermediate goods were also down 0.9%.

Durable consumer goods prices were 1.8%, capital goods 1.9%, while non-durable consumer goods increased 3.2% year-on-year in September.

On a monthly basis, producer prices declined 0.1% from August to September; and energy prices dropped 0.3% over the same period.