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Producer prices, July 2023: -6.0% on July 2022
The producer prices of industrial products were 6.0% lower in July 2023 than in July 2022, when producer prices had soared as a consequence of the war in Ukraine. The decline is therefore largely due to a base effect. The Federal Statistical Office (Destatis) reports that the prices had last dropped year on year in November 2020 (-0.5% compared with November 2019). In June 2023, the year-on-year change rate was +0.1%. Compared with the previous month, producer prices were down 1.1% in July 2023. Producer Price Indices (2015 = 100) Bar chart with 2 data series. Change on the previous year in % View as data table, ... (full story)
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