(Reuters) - German producer prices fell more than expected in April due mainly to lower energy prices, the federal statistics office reported on Tuesday.
Producer prices decreased by 3.3% on the year. Analysts polled by Reuters had expected a 3.1% decline.
Energy prices were down 8.2% year-on-year in April, due mainly to lower prices for natural gas and electricity, the statistics office said.
Excluding energy prices, producer prices were 0.6% lower than in April 2023.
Intermediate goods were 3.1% less expensive than in April 2023, whereas higher prices had to be paid for consumer and capital goods.
(Reporting by Chiara Holzhaeuser and Maria Martinez, Editing by Friederike Heine)
