--German Dec PPI down 0.3% vs Nov; up 4.2% on year
--German 2000 producer prices up average 3.4% on year
By BridgeNews
Frankfurt--Jan. 26--German producer prices continued to be influenced by oil price developments and recorded a more than expected decline on the month in December by 0.3%. In annual comparison producer prices were 4.2% higher, the Federal Statistics Office in Wiesbaden said Friday. On average in year 2000 producer prices were 3.4% higher than the year before, compared with a 1.0% decline in 1999.
* * * Oil products were down 7.5% on the month in December and rose 15.1% from Dec. 1999. Excluding those, producer prices posted a slight rise on the month by 0.1% and were 3.7% higher than the year before, according to the statistics office.