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Textiles

Prime Content | 
Germany's industrial producer prices plummet 12.6% YoY in August 2023

21 Sep '23
2 min read
Pic: Alba_alioth / Shutterstock.com
Pic: Alba_alioth / Shutterstock.com

Insights

  • In August 2023, Germany saw the most significant annual drop in industrial producer prices since 1949, declining 12.6 per cent, according to Destatis.
  • Despite the yearly decrease, August witnessed a 0.3 per cent monthly price increase.
  • The country's consumer goods prices varied, with notable hikes in non-durable goods compared to the previous year.
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