Economic Buzz: Germanys Industrial Producer Prices Soar 33.5%

20 May 2022 , 02:29 PM

In April 2022, the index of producer prices for industrial products in Germany increased by 33.5% compared with April 2021. As reported by the Federal Statistical Office this was the highest increase ever compared to the corresponding month of the preceding year. In March 2022 the index had increased by 30.9% and in January by 25.9%. The overall index rose by 2.8% in April 2022 month on month. These results also contain implications deriving from Russias attack on Ukraine.Powered by Commodity Insights