Germany's producer prices increased at the fastest pace in three years in May, Destatis reported Friday.
Producer prices grew 2.2 percent year-on-year in May, faster than the 1.7 percent rise seen in April. Prices grew the most since May 2023. Nonetheless, the pace of increase was slower than forecast of 2.5 percent.
The annual increase was primarily driven by higher prices of intermediate goods and energy. Intermediate goods prices advanced 4.2 percent and energy prices climbed 2.5 percent.
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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.