Germany January PPI -0.1% vs +0.6% m/m expected

• Prior -0.1%

The main decline for producer prices in January was due to energy prices, which were down 0.9%. If you strip that out, producer prices were actually seen up 0.3% compared to December last year. That comes as there were increases in prices for durable consumer goods (+0.4%) and capital goods (+0.8%). Meanwhile, the prices for intermediate goods were flat on the month.

This article was written by Justin Low at www.forexlive.com.