German producer prices posted their first monthly fall in two and a half years in October, according to data released today.
Producer price growth has fed into overall inflation at a faster pace in the past year than normal, so any broader reversal in pipeline pressures could reinforce expectations for consumer price growth to peak in the fourth quarter. Commerzbank's Ralph Solveen said the figures"give cause for hope the inflation rate for consumer prices will also soon reach its peak. However, this does not mean that the inflation problem is over."
Source: Financial Digest (financialdigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Housing starts fall again October as rising costs sap investmentHousing output may stall 'well short' of Government's targets via IrishTimesBiz Sinn Fein: We need at least 40K houses Experts: We need probably 50k FFG:
Source: IrishTimesBiz - 🏆 6. / 77 Read more »
Eithne Shortall: Finding peace in the great white hope of a sparkling set of teethIn a week of troubling pains and panes, when absolutely nothing seems to be going right, precious time out comes from the strangest of places
Source: businessposthq - 🏆 8. / 71 Read more »
Uniphar acquires Dutch pharma wholesaler BModesto for €75mDeal ‘transforms’ Irish-listed healthcare group’s capacity in continental Europe
Source: IrishTimes - 🏆 3. / 98 Read more »
Irish pub in Doha's booze fears despite charging €15 for Guinness at World CupCork woman Ronnie Griffin, 57, is the only female pub boss in all of Qatar and told the Irish Mirror from The Irish Pub: 'I hope we have enough booze'
Source: IrishMirror - 🏆 4. / 98 Read more »
FIFA's Infantino hits out at European critics of QatarOn the eve of the World Cup in Qatar, FIFA president Gianni Infantino has hit out at critics of the host country's treatment of migrant workers. In lengthy remarks, he said that engagement was the only way to improve human rights | More: 'Yes we will take advantage of the migrant workers to help the migrant workers' honk honk Engagement or capitulation
Source: rtenews - 🏆 1. / 99 Read more »