[Rusty0604]

Highest on Record: Germany Producer Price Index +33.6%

[CottonBall]

Is that related to their inflation?

[norsky]

Well, looka lika the sanction thingy against the Rooskies ain't doin so well, jus sayn

The producer prices across Germany jumped by 33.6% in May compared to the same month a year ago to surpass market expectations, according to a report published by the Federal Statistical Office on Monday. On a monthly basis, the producer prices index expanded by 1.6%.

The largest contributor to the soaring prices increased in energy costs, which were up 87.1% versus May 2021, particularly the expansion of natural gas, which surged as much as 148.1%. Electricity prices climbed 90.4% in the same period.

The prices of intermediate goods grew 25.1%, with metals leading the gains by rising 38.1%. The prices of non-durable consumer goods increased by 14.7% last month, while the prices of capital goods rose by 7.1%.