German producer prices fall in December

German producer price inflation fell slowed sharply in December to its lowest rate in more than a year, according to official data released on Friday, in another sign that cost and price pressures may have peaked.

Producer price growth slowed to 21.6% year on year from 28.2% and is now at its lowest level since November 2021, statistics office Destatis said.

The figure also compares with the record high of 45.8% last August and September. Last month's decline was driven by a 1% fall in energy costs as prices for natural gas and mineral oil products eased. November, energy prices decreased by 9.6% compared with October.

Reporting by Frank Prenesti for Sharecast.com