German producer prices fall faster than expected in August

German producer prices were weaker than expected in August, numbers on Friday showed.

According to Destatis, producer prices in Germany fell 2.2% on-year in August, after a 1.5% fall in July. According to FXStreet cited consensus, a fall of 1.8% had been expected for August, so the reading was shy of consensus.

"In August 2025, lower energy prices were the main reason for the year-on-year decline in producer prices. Intermediate goods were also less expensive than a year earlier. By contrast, capital goods, non-durable and durable consumer goods cost more than a year earlier. When energy prices are excluded, producer prices in August 2025 were up 0.8% from the same month of the previous year and dropped by 0.2% from July 2025," Destatis said.

On-month, producer prices eased 0.5% in August, worse than the 0.1% outcome predicted by consensus, according to FXStreet.