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Currency
by ForexNewsNow Team on December 20, 2010

Germany PPI slows to 0.2% in November, data show

Germany mapNEW YORK (Forex News Now) – Germany’s producer price index rose slower than expected in November, data showed on Monday in one of the day’s major euro realtime forex news events.

In a report likely to impact currency market trading, the German Federal Statistical Office Destatis said that the change in the price of goods sold by manufacturers rose by 0.2%, down from 0.4% the previous month.

Analysts had expected November’s figure to repeat the mark of 0.4%, two major online FX trading news outlets reported.

The data is a key indicator of consumer inflation.

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