Germany's producer prices declined at the fastest pace in eight months in May, Destatis reported Friday.
Producer prices slid 1.2 percent year-on-year in May, bigger than the 0.9 percent fall in April. The pace of decline matched expectations.
This was the biggest fall since September, when prices were down 1.4 percent.
Lower energy prices were the main reasons for the annual decline in producer prices. Excluding energy prices, producer prices gained 1.3 percent from the previous year.
For comments and feedback contact: editorial@rttnews.com
Business News
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.