(Bloomberg) -- German producer-price inflation, an early indicator of price pressure in an economy, slowed to the lowest rate in more than two years in March after energy costs dropped.
The price of goods from plastics to newsprint increased 2.5 percent from a year earlier, after rising 2.8 percent in February, the Federal Statistics Office in Wiesbaden said today. That's the lowest since September 2004. Economists expected a rate of 2.7 percent, the median of 28 forecasts in a Bloomberg News survey shows. Prices increased 0.3 percent from a month earlier.
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