German Producer Prices Rise Less Than Expected
German producer prices increased by 1.8% year-on-year in June, according to data released on Monday by the Federal Statistical Office.
The result came in slightly below market expectations.
June Data Misses Forecasts
Economists surveyed by Reuters had predicted an annual increase of 1.9%.
The weaker-than-expected reading suggests that price pressures at the producer level remained slightly softer than analysts had forecast.
