The producer prices of commercial products were 7.9% lower in November 2023 than in November 2022. In October 2023, the rate of change compared to the same month of the previous year was -11.0%. The development can still be attributed in particular to a base effect due to the high price level in the previous year. As the Federal Statistical Office (Destatis) also reports, producer prices fell by 0.5% in November 2023 compared to the previous month.The main reason for the decline in producer prices compared to the same month last year was the decline in energy prices. Intermediate goods were also cheaper than in the ... (full story)