German producer prices in May fall at slowest pace in 11 months
Producer prices decrease 2.2% from year earlier, led by lower energy costs
By Tuba Ongun
Producer prices in Germany dropped 2.2% annually in May, marking the slowest clip since last June, the country's statistical bureau announced on Thursday.
The figure eased from a decrease of 3.3% in April, Destatis data showed.
Lower energy costs, which were down 6.4% year-on-year, drove the eleventh straight month of decline.
Natural gas and electricity prices dove 16.3% and 11.3%, respectively, compared to a year ago.
On a monthly basis, producer prices remained unchanged in May.
Kaynak:
This news has been read 141 times in total
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.