Germany's producer prices increased at the strongest pace in nearly three years in April, data from Destatis showed Wednesday.Producer prices grew 1.7 percent year-on-year in April, reversing a 0.2 percent fall in March. The rate was the highest since May 2023 and marked the first rise since February 2025.The annual increase also surpassed economists' forecast of 1.5 percent. Data showed that inte...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.