Germany’s producer price hike hits record 33.6%, basic chem prices rise 33.2%
Stefan Baumgarten
21-Jun-2022
LONDON (ICIS)–Producer prices in Germany rose by 33.6% year on year in May – the highest increase since 1949 when the country’s federal statistics agency began the survey, according the latest data on Tuesday.
May’s increase, driven by energy (+87.1%), came after a 33.5% April and a 30.9% March increase.
Since December 2021, the year-on-year increases hit a new record each month.
Month on month, producer prices rose 1.6% in May, from April, following a 2.8% increase in April, from March.
German producer price data, May 2022:
| Change from May 2021 | Change from April 2022 | |
| Total producer prices | 33.6% | 1.6% |
| Total excl energy | 16.5% | 1.2% |
| Chemical prices | 29.2% | 2.7% |
| Basic chemicals | 33.2% | 3.0% |
| Ethylene-based polymers | 31.0% | 6.7% |
| Vinyl chloride-based polymers | 20.7% | -0.6% |
| Synthetic rubbers | 26.8% | 6.1% |
Source: Statistisches Bundesamt, Wiesbaden
Front page picture: A chemical plant in
Marl, Germany
Source: Mandatory Credit: Photo by Sascha
Steinbach/EPA-EFE/Shutterstock
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