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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.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Hollywood star Sydney Sweeney is reportedly the top contender to become the next Bond girl, as director Denis Villeneuve and Amazon look to modernise the James Bond franchise.
The Indian rupee is expected to open stronger on Friday, supported by gains in other Asian currencies and a temporary pause in the U.S. dollar index’s upward trend.
Iran has developed an investment plan aimed at attracting funding to expand its caviar production to more than 140 metric tons in the near future, - stated Nasser Karami-Rad, a senior official of the Iran Fisheries Organization.
Kazakhstan is weighing cryptocurrency-related investments as part of its strategy to diversify national reserves and modernise financial management, according to the chairman of the National Bank.
Electric car sales in Germany surged to a new record in the first half of 2025, making up 17.7% of all new vehicle registrations, according to the German road traffic agency KBA. Despite a 4.7% drop in overall car sales, demand for EVs grew by 35% year-on-year.
U.S. consumer prices rose at their fastest pace in five months in June, signaling the early impact of tariffs on inflation. However, subdued demand and falling service prices may keep the Federal Reserve cautious about rate changes.
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