BREAKING: Germany reports 11% drop in PPI 📌

German PPI for November:

Germany reported a significant decrease in producer prices for commercial products in Germany. In October 2023, these prices were 11.0% lower compared to October 2022. This decline is the most substantial year-on-year decrease since the survey began in 1949, following a -14.7% change in September 2023 compared to the previous year. This trend is largely attributed to a base effect from the unusually high price levels in 2022, influenced by the war in Ukraine, which saw a record increase in producer prices in August and September 2022 (45.8% each, compared to the same months in the previous year). In October 2022, the increase had slightly slowed to 34.5%. Additionally, there was a modest month-on-month decrease of 0.1% in producer prices in October 2023.

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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