By Scott Kanowsky
Investing.com -- Germany's producer price index fell for the third straight month in December, although that decline was less than expected as a recent decrease in energy costs slowed down significantly.
When compared to November, the measure of change in the price of goods sold by manufacturers in the country dropped by 0.4%, according to new data from Germany's Federal Statistical Office. Economists had forecast a dip of 1.2%.
Producer prices for industrial products in Europe's largest economy were 21.6% higher last month versus the same period in 2021.