Financial News: Germany Producer Price Inflation Fastest In 3 Years

Germany Producer Price Inflation Fastest In 3 Years

06/19/2026 - 05:24:00 (RTTNews)

(RTTNews) - 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.

At the same time, prices of capital goods and durable consumer goods increased 2.0 percent each. Meanwhile, non-durable goods prices dropped 1.7 percent. Excluding energy, producer prices rose 2.3 percent from the last year and grew 0.7 percent from April 2026.

On a monthly basis, producer prices were up 0.3 percent.

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