- Analytics
- News and Tools
- Market News
- Germany's producer price index rose in line with forecasts
Germany's producer price index rose in line with forecasts
According to the report from the Federal Statistical Office, in October 2020, the index of producer prices for industrial products decreased by 0.7% compared with the corresponding month of the preceding year. In September the annual rate of change all over had been –1.0%. Compared with the preceding month September the overall index increased by 0.1% in October 2020 (+0.4% in September).
Energy prices as a whole decreased by 2.9%. On an annual basis, prices of petroleum products were down 16.0%, prices of natural gas (distribution) decreased by 5.2%.
The overall index disregarding energy was 0.1% up on October 2019.
Prices of intermediate goods decreased by 0.4% compared to October 2019. Prices of non-durable consumer goods decreased by 0.5% compared to October 2019. Food prices decreased by 1.3%. Pork prices were down 19.5% presumably due to the lockdown of food service industry in spring and to the ban on imports of German pork by China and other Asian countries starting in September. Compared to September prices of pork fell by 4.0%.
Prices of capital goods increased by 0.9% compared to October 2019, durable consumer goods by 1.4%.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
