Producer prices in Germany dropped by 1.1% year-on-year in October, the federal statistical office Destatis revealed on Wednesday. The annual drop was at 1.4% in September, Destatis recalled, while prices posted 16th consecutive declines in October. In October, lower energy prices continued to be the main reason for the year-on-year decline in producer prices, while higher prices had to be paid for capital, consumer and intermediate goods, it noted. Energy ...