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German producer prices unexpectedly fall in October

Published 2022-11-21, 02:09 a/m
© Reuters. FILE PHOTO: A worker wears a protective mask at the Volkswagen assembly line after VW re-starts Europe's largest car factory after coronavirus shutdown in Wolfsburg, Germany, April 27, 2020, as the spread of the coronavirus disease (COVID-19) continues.

BERLIN (Reuters) - German producer prices fell unexpectedly on the month in October, due primarily to a dip in prices for electricity and distributed natural gas, according to data released on Monday.

Producer prices of industrial products fell 4.2% on the month, the Federal Statistical Office reported, compared with economists' expectations for a rise of 0.9%.

Compared to October 2021, prices rose 34.5%, which was below consensus for 41.5%.

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