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    Home » Germany’s Producer Inflation Surged to New Record High in April
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    Germany’s Producer Inflation Surged to New Record High in April

    May 20, 20221 Min Read
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    Germany’s producer prices jumped to a new record high in April due to increased energy prices.

    • The index of producer prices surged 33.5% year on year in April, a new record annual jump as the war in Ukraine drove energy costs skyrocketing in Europe’s largest economy.
    • On a monthly basis, the producer prices index rose by 2.8% amid the ongoing Russia-Ukraine war.
    • Energy prices in Germany skyrocketed 87.3% from a year earlier and by 2.5% from March due to the strong price surges of natural gas.
    • Prices of intermediate goods rose by 26.0% in April compared to a year earlier due to the increase in metal prices.

    Growth in prices of non-durable consumer goods was largely attributable to increased prices for preserved meat and meat products.

    DAX up +1.86%,  EURUSD down -0.06%

    Source: Federal Statistical Office

     

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