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20.03.2019 15:19

Germany producer price index unexpectedly fell in February

Federal Statistical Office (Destatis) said, in February 2019 the index of producer prices for industrial products rose by 2.6% compared with the corresponding month of the preceding year. In January 2019 the annual rate of change all over also had been 2.6%.

Compared with the preceding month January 2019 the overall index decreased by 0.1% in February 2019 (+0.4% in January 2019 and -0.4% in December 2018). Economists had expected a 0.2% increase.

In February 2019 the price indices of all main industrial groups increased compared with February 2018: Energy prices rose by 7.5% (-0.2% compared with January 2019). Prices of durable consumer goods as well as prices of capital goods were up 1.6%. Prices of intermediate goods increased by 1.1% (-0.1% compared with January 2019) and of non-durable consumer goods by 0.8%.

The overall index disregarding energy was 1.3% up on February 2018 and 0.1% up compared with January 2019.


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