Germany Producer Prices Rise For Third Month

India, July 20 -- Germany's producer prices increased for the third straight month in June, data from Destatis showed Monday.

Producer prices grew at a pace of 1.8 percent on a yearly basis in June, slower than the 2.2 percent increase in May. This was the third consecutive rise in prices.

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On a monthly basis, producer prices dropped 0.3 percent compared to economists' forecast of 0.2 percent fall.

The annual increase in producer prices was primarily driven by higher prices of intermediate goods and energy prices.

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