Market news

18 June 2021

Germany's producer price index rose sharply in May

The Federal Statistical Office said that in May 2021, the index of producer prices for industrial products increased by 7.2% compared with May 2020. This was the highest increase compared to the corresponding month of the preceding year since October 2008 (+7.3%), when prices rose strongly before the finance crisis. Economists had expected a 6.4% increase. Compared with the preceding month April 2021 the overall index increased by 1.5% in May 2021. The last time prices rose more compared to the previous month was also in the run-up to the financial and economic crisis in July 2008 (+2.0%). Economists had expected a 0.7% increase.

Mainly responsible for the increase of producer prices compared to May 2020 were the prices of intermediate products and of energy. Prices of intermediate goods increased by 10.7% compared to May 2020. Compared to April 2021 these prices were up 2.2 %.

Energy prices as a whole increased by 14.9% compared to May 2020 and by 2.6 compared to April 2021. The price increase from May 2020 to May 2021 is mainly caused by a base effect resulting from the sharp drop in prices in spring 2020 in the course of the pandemic. National CO2-pricing that has been introduced in January 2021 on several energy products also had a great impact on the price increase of energy. 

The overall index disregarding energy was 4.9% up on May 2020.

Prices of durable consumer goods increased by 1.7% compared to May 2020 (+0.1% compared to April 2021), capital goods, such as machines and vehicles, by 1.2% (+0.2% compared to April 2021).

Prices of non-durable consumer goods increased by 0.5% compared to May 2020 but remained unchanged compared to April 2021. Food prices increased from May 2020 to May 2021 by 0.3.

Open Demo Account
I understand and accept the Privacy Policy and agree that my name and contact details can be used by TeleTrade to contact me about the information I have selected.
23 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2021 Teletrade-DJ International Consulting Ltd

Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Telerade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies.

Telerade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.