The increases are driven by soaring energy costs, according to official data Producer price inflation in Germany rose at a record pace in May, the Federal Statistical Office (Destatis) said on Monday – the fastest increase since the beginning of data collection in 1949. According to data, prices ballooned 33.6% year-on-year last month, following April’s 33.5% increase. On a monthly basis, producer prices gained 1.6% after growing 2.8% in April. Economists had projected prices to rise 1.5%. Price increases continue to be driven primarily by soaring energy costs, which were up 87.1% from the previous year. The price
Hence then, the article about producer prices in germany highest since 1949 report was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Producer prices in Germany highest since 1949 – report )