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German producer price gains accelerate in May

By Alexander Bueso

Date: Wednesday 20 Jun 2018

German producer price gains accelerate in May

(Sharecast News) - Producer price gains in the Eurozone's largest economy accelerated in May on the back of higher gasoline prices.
According to the German Ministry of Finance, the year-on-year rate of factory gate inflation jumped from a 2.0% clip in April to 2.7% for May.

Economists had pencilled-in a rise of 0.4% month-on-month and 2.6% year-on-year.

Petroleum products registered the largest increase in prices, rising by 12.5%, alongside a 8.0% jump in those for electricity.

Elsewhere, prices for intermediate goods were up by 2.6%, those of durable consumer goods by 1.6% and those of capital goods by a further 1.2%.

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