RTTNews - German producer prices continued to drop for the fourth month in June, data released by the Federal Statistical Office showed Monday.
The producer price index or PPI fell 4.6% year-on-year in June, the fastest fall since December 1968, when producer prices dropped 5%. Economists had expected the PPI to fall 4.2% in June.
In May, the PPI declined 3.6% after a 2.7% fall in April and a 0.5% drop in March.
On a monthly basis, the PPI fell 0.1% in June after recording zero growth in May, while beating consensus for a 0.5% increase.
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