Germany's producer prices up 32.7% in June

ISTANBUL

Germany's producer price index rose 32.7% in June on a yearly basis, according to official figures released Wednesday.

In May, the increase was 33.6% and 33.5% in April, said the federal statistical bureau Destatis.

"Compared with the preceding month May 2022, the overall index rose by 0.6% in June 2022," it added.

Destatis said ongoing energy price rises are still the main reason for the high price increases.