Latest data released by Destatis - 20 November 2020

  • Prior +0.4%
  • PPI -0.7% vs -0.8% y/y expected
  • Prior -1.0%

Producer prices for October are more or less within estimates and shows some mild improvement but given that this is a lagging and proxy indicator of consumer inflation, it isn't of much relevance following the German CPI readings last week.