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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.