Destatis released its producer price index (PPI) for Germany on Wednesday. German PPI producer prices rose 0.1% in April, after a 0.1% gain in March. It was the third consecutive monthly increase.

PPI excluding energy sector climbed by 0.2% in April.

On a yearly basis, German PPI dropped 1.5% in April, after a 1.7% fall in March.

Energy prices plunged 4.4% in April.

Consumer goods sector prices fell 1.4% in April from the previous year, intermediate goods sector prices decreased by 0.7%, while consumer goods sector prices rose 1.3%.