德国生产者价格指数在5月份下降1.2%后，于2025年6月同比下降1.3%，符合市场预期。这标志着生产者价格连续第四个月下跌，也是2024年9月以来的最大跌幅。总体下降主要是由于能源成本下降，下降了6.4%。在能源部门，主要贡献者包括电力（-8.8%）、矿物油产品（-7.7%）、天然气（-6.9%）、取暖油（-6.4%）和汽车燃料（-4.2%）。此外，中间产品价格下降了0.4%。相比之下，非耐用品（3.6%）、耐用品（1.7%）和资本品（1.7%）的价格上涨。不包括能源，生产者价格指数上涨1.3%，与5月份持平。6月份生产者价格指数环比微涨0.1%，略高于市场预测的不变，并从5月份0.2%的跌幅反弹，标志着7个月来首次上涨。

Producer prices in Germany dropped by 1.3% year-on-year in June 2025, following a 1.2% decline in May, in line with market expectations. This marked the fourth consecutive month of falling producer prices and the sharpest drop since September 2024. The overall decrease was largely driven by lower energy costs, which fell 6.4%. Within the energy sector, key contributors included electricity (-8.8%), mineral oil products (-7.7%), natural gas (-6.9%), heating oil (-6.4%), and motor fuel (-4.2%). Additionally, prices for intermediate goods declined by 0.4%. In contrast, prices rose for non-durable consumer goods (3.6%), durable consumer goods (1.7%), and capital goods (1.7%). Excluding energy, producer prices increased by 1.3%, matching the pace seen in May. On a monthly basis, the producer price index edged up 0.1% in June, slightly exceeding market forecasts of no change and rebounding from May’s 0.2% decline, marking the first increase in seven months.