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German producer prices rise in May

2023-06-20 06:18
BERLIN German producer prices rose in May when compared with the same month last year, according to data
German producer prices rise in May

BERLIN German producer prices rose in May when compared with the same month last year, according to data released on Tuesday.

Producer prices of industrial products were up 1.0% compared with May 2022, the Federal Statistical Office reported.

A Reuters poll had indicated a rise of 1.7% year-on-year.

Compared with the previous month, prices in May fell by 1.4%, versus a forecast 0.7% decline.

The office publishes more detailed data on its website.

(Reporting by XX)