Germany’s producer prices dropped 1.2% year-on-year in May, in line with market expectations, largely due to falling energy prices, official data showed Friday.
Producer prices in Germany declined by 1.2% in May compared to the same month last year, matching forecasts and marking a steeper drop than the 0.9% annual decline seen in April, according to data from the Federal Statistical Office (Destatis).
The decrease was primarily driven by a 6.7% year-on-year fall in energy prices. When excluding energy, producer prices actually rose by 1.3% annually.
Prices for intermediate goods also eased slightly, falling by 0.2% from a year earlier. In contrast, other categories saw price increases: capital goods were up 1.9%, non-durable consumer goods rose 3.6%, and durable consumer goods climbed 1.6%.
On a monthly basis, producer prices slipped by 0.2% in May, following a 0.6% decline in April. Analysts had expected a slightly sharper 0.3% monthly drop.
The data underscores continued disinflationary pressure in Germany’s industrial sector, despite persistent cost increases in consumer goods.
Nigerian President Bola Tinubu, chair of the Economic Community of West African States (ECOWAS), called on regional leaders Saturday to prioritize economic unity, policy coordination, and stronger investment to unlock West Africa’s full potential.
Iran has strongly condemned the recent U.S. airstrikes on its nuclear facilities in Fordow, Natanz, and Isfahan, calling them a violation of the UN Charter, international law, and the Non-Proliferation Treaty (NPT)
Pope Leo XIV spoke to political leaders in Rome on Saturday, urging them to remember that artificial intelligence is just a tool — not a replacement for humans.
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The Netherlands has officially returned 119 Benin Bronzes to Nigeria, more than a century after they were looted during Britain’s 1897 invasion of the former Kingdom of Benin, now in southern Nigeria.
Iran has strongly condemned the recent U.S. airstrikes on its nuclear facilities in Fordow, Natanz, and Isfahan, calling them a violation of the UN Charter, international law, and the Non-Proliferation Treaty (NPT)
Pope Leo XIV spoke to political leaders in Rome on Saturday, urging them to remember that artificial intelligence is just a tool — not a replacement for humans.
Eight men were arrested Friday morning following a violent clash near the Iranian embassy in London, police confirmed.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
The Netherlands has officially returned 119 Benin Bronzes to Nigeria, more than a century after they were looted during Britain’s 1897 invasion of the former Kingdom of Benin, now in southern Nigeria.
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Iran has strongly condemned the recent U.S. airstrikes on its nuclear facilities in Fordow, Natanz, and Isfahan, calling them a violation of the UN Charter, international law, and the Non-Proliferation Treaty (NPT)
Pope Leo XIV spoke to political leaders in Rome on Saturday, urging them to remember that artificial intelligence is just a tool — not a replacement for humans.
Eight men were arrested Friday morning following a violent clash near the Iranian embassy in London, police confirmed.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
The Netherlands has officially returned 119 Benin Bronzes to Nigeria, more than a century after they were looted during Britain’s 1897 invasion of the former Kingdom of Benin, now in southern Nigeria.
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