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- German producer prices rose by 2.7% y/y
German producer prices rose by 2.7% y/y
In October 2017 the index of producer prices for industrial products rose by 2.7% compared with the corresponding month of the preceding year. In September 2017 the annual rate of change all over had been 3.1%, as reported by the Federal Statistical Office (Destatis).
Compared with the preceding month September 2017 the overall index rose by 0.3% in October 2017 (+0.3% in September and +0.2% in August).
In October 2017 the price indices of all main industrial groups increased compared with October 2016: Prices of intermediate rose goods by 4.1%. Energy prices were up 2.8%, though the development of prices of the different energy carriers diverged. Prices of electricity increased by 4.1% and prices of petroleum products by 3.4%, whereas prices of natural gas (distribution) decreased by 4.2%. Prices of non-durable consumer goods rose by 2.8%. Prices of durable consumer goods increased by 1.2% whereas prices of capital goods increased by 1.1%.
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