The producer prices of industrial products were 2.2% lower in May 2024 than in May 2023. In April 2024, the year-on-year change rate was -3.3%. The Federal Statistical Office (Destatis) also reports that producer prices in May 2024 remained unchanged from April 2024 (0.0%).In May 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 May 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 May 2024 were ... (full story)