German Producer Prices Surge 5.2% in April

Producer prices in Germany surged in April by 5.2% on an annual basis, official data showed on Thursday.

Recent supply disruptions are leading to rising inflation pressure, following a 3.7% increase in producer prices in March, according to the Federal Statistical Office of Germany.

On a monthly basis, producer prices rose by 0.8% last month, according to the

Compared to the previous month, producer prices were up 0.8% in April.

The German government expects consumer inflation to reach 2.2% in 2021 before easing to 1.5% in 2022.