In Germany, the upward trend in prices at the manufacturer level has weakened again, albeit from a high level.
In November, producer prices rose by 28.2 percent year-on-year, as the Federal Statistical Office announced on Tuesday in Wiesbaden.
The rate was 34.5 percent in October and 45.8 percent in September.
In a monthly comparison, producer prices fell significantly by 3.9 percent.
Energy prices continue to rise sharply year-on-year, but there is relief on a monthly basis.
Although energy prices in November were 65.8 percent higher than a year earlier, they fell by 9.6 percent compared to the previous month.
According to the statistical office, natural gas and electricity in particular were cheaper on a monthly basis after there had been some sharp price increases for a long time.
There are still significant price increases for food and intermediate goods over the year.
The producer prices are the selling prices of the producers.
The development is also affecting consumer prices, on which the European Central Bank (ECB) bases its monetary policy.
In view of the high inflation, the ECB has, after some hesitation, raised the key interest rate significantly in several steps.
Further rate hikes are expected.