Producer prices of industrial products fell 4.2% on the month
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German producer prices fell unexpectedly on the month in October, due primarily to a dip in prices for electricity and distributed natural gas, according to data released on Monday.
Producer prices of industrial products fell 4.2% on the month, the Federal Statistical Office reported, compared with economists' expectations for a rise of 0.9%.
Compared to October 2021, prices rose 34.5%, which was below consensus for 41.5%. (Reporting by Miranda Murray and Paul Carrel)
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