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Germany's wholesale prices declined at the fastest pace since mid 2016 in September, data from Destatis revealed on Monday.
Wholesale prices fell 1.9 percent year-on-year in September, following a 1.1 percent decrease in August. This was the third consecutive decrease and the biggest fall since June 2016, when prices were down 2 percent.
The annual fall was largely driven by lower prices of mineral oil products, waste and scraps and cereals and raw tobacco.
On a monthly basis, wholesale prices dropped 0.4 percent, but slower than the 0.8 percent fall posted in August.
