The producer prices of industrial products were 3.3% lower in April 2024 than in April 2023. In March, the year-on-year change rate was -2.9%. The Federal Statistical Office (Destatis) also reports that producer prices in April 2024 were up 0.2% on March 2024.In April 2024, lower energy prices continued to be the main reason for the year-on-year decline in producer prices. Intermediate goods were also less expensive than in April 2023, whereas higher prices had to be paid for consumer and capital goods. Sharp declines in the prices of natural gas (distribution) and electricity Energy prices in April 2024 were down ... (full story)