BERLIN, Oct 21 Reuters German producer prices fell more than expected in September, declining 1.4 year on year, due mainly to significantly lower energy prices, the federal statistics office said on Monday.

Analysts polled by Reuters had expected a 1.0 decline.

The main reason for the dip was lower energy prices, which were 6.6 lower in September compared with the same month last year. Mineral oil products in particular were down 14.4.

Excluding energy prices, producer prices were up 1.2, with higher costs for capital, consumer and intermediate goods.

September marked the 15th decline in a row in Germany39;s producer prices index, considered a key inflation indicator.

EUharmonized German inflation eased slightly, to 1.8 in September from 2.0 in August, the office confirmed this month.

On the month, September prices fell a morethanexpected 0.5. Analysts had forecast a 0.2 decrease.

Reporting by Rene Wagner and Miranda Murray in Berlin, and Tristan Veyet, Marleen Kaesebier in Gdansk; Editing by Toby Chopra

Source Reuters