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- Germany producer prices down slightly in September
Germany producer prices down slightly in September
According to the report from Federal Statistical Office, in September 2019 the index of producer prices for industrial products decreased by 0.1% compared with the corresponding month of the preceding year. Economists had expected a 0.3% decrease. In August 2019 the annual rate of change all over had been +0.3%, as reported by the Federal Statistical Office. Compared with the preceding month August 2019 the overall index rose slightly by 0.1% in September 2019 (-0.5% in August 2019).
Energy prices as a whole decreased by 1.9% (+0.4% compared to August 2019). On an annual basis prices of natural gas (distribution) decreased by 6.8% and prices of petroleum products by 7.6% whereas prices of electricity rose by 3.7%. The overall index disregarding energy was 0.5% up on September 2018 and decreased slightly by 0.1% compared to August 2019.
Prices of intermediate goods decreased by 1.0% compared to September 2018 (-0.3% on August 2019). Prices of capital goods increased by 1.5%, prices of durable consumer goods were up 1.4%. Prices of non-durable consumer goods increased by 1.8% compared to September 2018 (+0.2% on August 2019). Food prices were up 2.2%.
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