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- German producer price index declined 0.1% in February
German producer price index declined 0.1% in February
In February 2018 the index of producer prices for industrial products rose by 1.8 compared with the corresponding month of the preceding year. In January the annual rate of change all over had been 2.1%, as reported by the Federal Statistical Office (Destatis).
Compared with the preceding month January the overall index fell slightly by 0.1% in February 2018 (+0.5% in January 2018 and 0.2% in December 2017).
In February 2018 the price indices of all main industrial groups increased compared with February 2017: Prices of intermediate rose goods by 2.8%. Energy prices were up 1.8%, though the development of prices of the different energy carriers diverged. Prices of electricity increased by 4.3%, whereas prices of natural gas (distribution) decreased by 0.1% and prices of petroleum products by 0.2%. Prices of non-durable consumer goods and of durable consumer goods rose by 1.4% each, whereas prices of capital goods increased by 1.1%.
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