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  HOME PAGE 28/09/2024 13:09 
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German Producer Prices In May Fall At Slowest Pace In 11 Months

20.06.2024 11:57

Producer prices decrease 2.2% from year earlier, led by lower energy costs.

Producer prices in Germany dropped 2.2% annually in May, marking the slowest clip since last June, the country's statistical bureau announced on Thursday.

The figure eased from a decrease of 3.3% in April, Destatis data showed.

Lower energy costs, which were down 6.4% year-on-year, drove the eleventh straight month of decline.

Natural gas and electricity prices dove 16.3% and 11.3%, respectively, compared to a year ago.

On a monthly basis, producer prices remained unchanged in May. -



 
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