Heiner Flassbeck: German producer prices also at minus six percent – interest rates down!

Producer prices in Germany are now also in free fall. After high minus rates were recorded in Spain and Italy in the previous months, the statistics for July also show minus six percent for Germany. And that is only the beginning. Even if this indicator does not continue to fall month after month until September (which it has done regularly in recent months), the figure for August and September will be around minus 15 percent.


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