Mediafax (Mediafax)
Macroeconomics  |  June 16, 2012 09:15:00

German statisticians notify data on producer prices in May


BERLIN (MEDIAFAX) - Federal Statistical Office Destatis published on Wednesday, May industrial producer prices in Germany. In April, producer prices rose by 0.2 percent month on month, while expected to grow by 0.3 percent.

In comparison it was observed by an increase of 2.4 percent versus an expected 2.5 percent.

"Producer prices fall in growth rate recorded when recognized annual growth of only 2.2 percent. Point is that the average price of crude oil or coal, which generates a large share of inputs in the production decline. But what keeps their prices up, the weak euro. This increases their euro denominated price, "said the agency Mediafax financial markets analyst Next Finance Martin Prokop.

Industrial producer prices reflect how much the pressure on inflation at the beginning of the production chain, mainly in factories and other facilities. Development at this level is usually later reflected in the prices for final consumers.

Tomáš Králíček, kralicek@mediafax.cz

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