Latest data released by Destatis - 15 May 2020

  • Prior -0.8%
  • PPI -1.9% vs -1.8% y/y expected
  • Prior -0.8%

Producer and import prices slump further amid the virus outbreak and fall in energy prices, with the annual reading slipping deeper into deflation territory - lowest since July 2016.

In any case, this is a proxy and lagging indicator of inflation pressures, so it isn't too big of a deal but the trend is certainly not encouraging.