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.
by RTT Staff Writer
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