Germany March PPI -2.6% vs -0.5% m/m expected | Forexlive

• Prior -0.3%
• PPI +7.5% vs +9.8% y/y expected
• Prior +15.8%

The big drop on the monthly reading largely stems from the development of energy prices, which is continuing to ease further as a whole. The details show a notable drop in prices for mineral oil products (-2.3%), light heating oil (-4.4%), and motor fuels (-1.7%).