In May this year, the index of producer prices for industrial products in Germany increased by 2.7 percent compared to the same month of 2017 and rose 0.5 percent compared to April, according to the country's Federal Statistical Office (Destatis). In April, Germany's industrial producer prices had increased by two percent year on year.
In May, prices in the energy sector increased by 5.5 percent, while prices of non-durable consumer goods were up by 0.8 percent and prices of intermediate goods rose by 2.6 percent, all year on year. Meanwhile, in the month in question, the prices of capital goods and durable consumer goods rose by 1.2 percent and 1.6 percent respectively, both compared to May 2017.