Destatis released its producer price index (PPI) for Germany on Wednesday. German PPI producer prices rose 0.1% in May, missing expectations for a 0.2% increase, after a 0.1% gain in April.

PPI excluding energy sector fell by 0.3% in May.

On a yearly basis, German PPI dropped 1.3% in May, missing forecasts of a 1.1% decline, after a 1.5% fall in March.

Energy prices plunged 4.1% in May.

Consumer non-durable goods prices fell 1.5% in May, intermediate goods sector prices decreased by 0.5%, and capital goods prices increased 0.7%, while durable consumer goods sector prices rose 1.3%.