Germany's producer prices grew 0.1% year-on-year in November 2024, reversing a 1.1% drop in October and marking the first increase since June 2023. Capital goods (+1.9%) and consumer goods (+0.9%) drove the rise, while energy prices fell more mildly (-2.4%). Excluding energy, producer prices increased by 1.3%. Monthly, prices rose 0.5%, the largest gain since April 2023.

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