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The German statistical office Destatis released its wholesale prices for Germany on Wednesday. German wholesale prices fell 0.4% in October, after a 0.6% decrease in September.
On a yearly basis, wholesale prices in Germany dropped 1.6% in October, after a 1.8% decline in September. Wholesale prices have been declining since July 2013.
The fall was mainly driven by a 17.8% drop in prices of ores, metals and metal ores.
European Central Bank Governing Council member Ignazio Visco: the central bank will consider the deposit rate cut and the expansion of its asset-buying programme at its December monetary policy meeting