German producer prices declined more sharply than expected in January, according to data released on Friday by the Federal Statistical Office of Germany.
On an annual basis, Germany’s Producer Price Index (PPI) fell by 3%, marking a steeper drop than market forecasts. Economists surveyed by Reuters had anticipated a smaller decline of 2.1% year-on-year.
The larger-than-expected fall in producer prices suggests easing cost pressures at the factory level, which could influence broader inflation trends in Europe’s largest economy.
