German PPI up by 0.7%

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Monday, Feb 20 2017

German PPI up by 0.7%

In January 2017 the index of producer prices for industrial products rose by 2.4% compared with the corresponding month of the preceding year. This was the highest annual rate of change since March 2012 (+2.6%). In December 2016 the annual rate of change all over had been 1.0%. Compared with the preceding month December 2016 the overall index rose by 0.7% in January 2017 (0.4% in December and 0.3% in November).

In January 2017 the price indices of all main industrial groups rose compared with January 2016: Energy prices increased by 4.0%, though prices of the different energy carriers diverged. Prices of petroleum products increased by 19.7%, whereas prices of natural gas (distribution) decreased by 7.8%. Prices of intermediate goods rose by 2.4%, prices of non-durable consumer goods by 2.2%. Prices of durable consumer goods increased by 1.0% and prices of capital goods by 0.9%.

More in this category: « Australian PM Malcolm Turnbull says single transtasman market closer CBI Industrial Order Expectations »

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