Latest data released by Destatis - 20 January 2020

  • Prior 0.0%
  • PPI -0.2% vs -0.3% y/y expected
  • Prior -0.7%

A mild improvement in producer prices to end the year but the annual reading continues to sit in deflation territory. And that doesn't send a good signal towards consumer inflation in the bigger picture, although it hasn't proven to be a drag just yet.