Germany's producer price inflation slowed more than expected to 2.1 percent in May, Destatis said Wednesday. Economists were expecting the rate to ease to 2.2 percent from 2.4 percent in April.
Excluding producer prices, core inflation came in at 1.3 percent annually. Compared to April, core producer prices remained flat in May.
On a monthly basis, overall producer prices fell 0.3 percent in May, partially offsetting the 0.2 percent increase logged in April. The rate of fall slightly exceeded the 0.1 percent decrease forecast by economists.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.