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Germany's wholesale price inflation eased to the lowest since late 2016 in June, data from Destatis revealed on Friday.
Wholesale prices increased 0.3 percent on a yearly basis in June, slower than the 1.6 percent rise seen in May. This was the lowest since October 2016, when the rate was 0.2 percent.
On a monthly basis, wholesale prices fell 0.5 percent in June, in contrast to a 0.3 percent rise in May. This was the first decrease since January 2019, when prices slid 0.7 percent.
