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- German index of producer prices for industrial products rose by 3.0% y/y
German index of producer prices for industrial products rose by 3.0% y/y
In July 2018 the index of producer prices for industrial products rose by 3.0% compared with the corresponding month of the preceding year. In June the annual rate of change all over had been 3.0%, too, as reported by the Federal Statistical Office.
Compared with the preceding month June the overall index rose by 0.2% in July 2018 (+0.3% in June 2018 and +0.5% in May 2018).
In July 2018 the price indices of all main industrial groups increased compared with July 2017: Energy prices were up 6.5%, though the development of prices of the different energy carriers diverged. Prices of petroleum products were up 16.8%, whereas prices of electricity increased by 7.4% and prices of natural gas (distribution) rose by 3.1%. Prices of intermediate goods were up 3.2%. Prices of durable consumer goods rose by 1.6% and of capital goods by 1.3%, whereas prices of non-durable consumer goods increased by 0.4%
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