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German Producer prices in June 2018: +3.0% on June 2017

Friday, Jul 20 2018
German Producer prices in June 2018: +3.0% on June 2017

In June 2018 the index of producer prices for industrial products rose by 3.0% compared with the corresponding month of the preceding year. In May the annual rate of change all over had been 2.7%, as reported by the Federal Statistical Office (Destatis). Compared with the preceding month May the overall index rose by 0.3% in June 2018 (+0.5% in May 2018 and in April 2018).

In June 2018 the price indices of all main industrial groups increased compared with June 2017: Energy prices were up 6.2%, though the development of prices of the different energy carriers diverged. Prices of petroleum products were up 16.9%, whereas prices of electricity increased by 7.5% and prices of natural gas (distribution) rose by 2.5%. Prices of intermediate goods were up 3.2%. Prices of non-durable consumer goods rose by 0.5% and of durable consumer goods by 1.6%, whereas prices of capital goods increased by 1.3%.

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