Producer prices rise 33.6 percent in May - News Summed Up

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Producer prices rise 33.6 percent in May


Producer prices rise 33.6 percent in MayGerman manufacturers once again increased their prices at a record pace in May as a result of the war in Ukraine. Producer prices rose by an average of 33.6 percent. "This means that commercial producer prices have recorded new record increases every month since December 2021." From April to May alone, producer prices were up 1.6 percent. Here, producer prices were 87.1 percent higher than in May 2021, with natural gas increasing in price by 148.1 percent.


Source: The Munich Eye June 23, 2022 21:07 UTC



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