5/20, 8:00 AM (Source: TeleTrader)
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German producer prices jump 33.5% in April

Germany's producer prices increased by 33.5% in April compared to the same month a year earlier, the country's national statistical office Destatis announced on Friday. On a monthly basis, the producer price index rose 2.8% in April 2022.

Energy prices surged 87.3% year on year and were up 2.5% month on month. Driving the high rise in energy prices were sharp increases in the cost of natural gas (distribution), 154.8% in the same month. Electricity prices increased by 87.7%. Prices of intermediate goods rose 26% on an annual basis, led by a 43.3% jump in the prices of metals.

Baha Breaking News (BBN) / JG