German March producer prices fall 2.9% year on year
By Frank Prenesti
Date: Friday 19 Apr 2024
(Sharecast News) - German industrial producer prices fell 2.9% in March year on year, driven by lower energy prices, the federal statistics agency said on Friday.
Prices rose by 0.2% compared with February, it added. Energy prices in March were down 7% annually and unchanged versus February 2024.
Across all customer groups, gas prices declined by 15.4% year on year, while electricity cost 12.6% less on the same basis.
Reporting by Frank Prenesti for Sharecast.com
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