Destatis released its producer price index (PPI) for Germany on Thursday. German PPI producer prices were flat in July, after a 0.1% decline in June.

On a yearly basis, German PPI dropped 1.3% in July, after a 1.4% fall in June.

PPI excluding energy sector fell by 0.3% year-on-year in July.

Energy prices plunged 4.1% in July.

Consumer non-durable goods prices fell 1.5% in June, intermediate goods sector prices decreased by 0.6%, and capital goods prices increased 0.8%, while durable consumer goods sector prices rose 1.3%.