The Federal Statistical Office, Destatis, has released new data showing that German producer prices rose by 2.2% in May compared to the previous year.

聯邦統計局 (Destatis) 發布的新數據顯示，德國五月份的生產者價格較去年上升了 2.2%。

This increase is the highest annual growth rate since May 2023, although the 2.2% figure was slightly lower than the 2.5% predicted by the market. Additionally, prices rose by 0.3% compared to the previous month. The main causes for this upward trend were intermediate goods and energy, which increased by 4.2% and 2.5% respectively. If energy costs are removed from the calculation, the annual rise is 2.3%, with a monthly increase of 0.7%.

此次增幅是自 2023 年 5 月以來最高的年度成長率，儘管 2.2% 的數據略低於市場預測的 2.5%。此外，價格較前一個月上升了 0.3%。此上升趨勢的主要原因是中間產品與能源，分別成長了 4.2% 與 2.5%。若將能源成本剔除，年度增幅為 2.3%，月度增幅則為 0.7%。

Within the energy sector, there were mixed results. While prices for natural gas, electricity, and district heating fell, mineral oil products saw a huge annual increase of 34.9%. Destatis emphasized that high mineral oil prices are continuing due to geopolitical instability in the Middle East. Specifically, naphtha and heating oil prices rose by 60.9% and 52.8% over the year.

在能源部門中，結果不一。雖然天然氣、電力與區域供暖的價格下跌，但礦物油產品的年度增幅高達 34.9%。Destatis 強調，由於中東地緣政治不穩定，礦物油價格持續高企。具體而言，石腦油與暖氣油的價格年度漲幅分別為 60.9% 與 52.8%。

Furthermore, the intermediate goods sector added to the inflationary pressure, with metal prices rising by 11.1% and precious metals jumping by 59.4%. Basic chemicals and fertilizers also increased. In contrast, non-durable consumer goods fell by 1.7% annually, mainly because food prices dropped by 3.6%. Meanwhile, capital goods and durable consumer goods both showed a steady annual increase of 2%.

此外，中間產品部門增加了通貨膨脹壓力，金屬價格上漲 11.1%，貴金屬則飆升 59.4%。基礎化學品與化肥亦有所增加。相比之下，非耐用消費品年度下跌 1.7%，主因是食品價格下跌 3.6%。同時，資本財與耐用消費品的年度增幅均穩定維持在 2%。

German producer prices reached a three-year high in May, driven by energy and raw material costs despite a decrease in the price of some consumer goods.

受能源與原物料成本驅動，儘管部分消費品價格下跌，德國五月份的生產者價格仍達到三年高點。