21 Sep 23 2 min read
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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