Latest data released by Destatis - 20 February 2020

  • Prior +0.1%
  • PPI +0.2% vs -0.4% y/y expected
  • Prior -0.2%

Producer prices improve to start the year with the annual headline reading escaping deflation territory. Nonetheless, this is a proxy and lagging indicator for inflation pressures but at least it isn't compounding worries on that front to start the year.