Falling prices have hit Germany’s producers for the first time since December 2009, the Federal Statistics Office announced yesterday. The Producer Price Index (PPI) fell by 0.3 per cent, month-on-month, in August. That compares with a 0.7 per cent increase in the month before. Prices are up on an annual basis, rising by 5.5 per cent compared with August 2010. That is a slowdown in the annual rate of increase, which grew by 5.8 per cent in the twelve months to July.