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German PPI unchanged in March

Thursday, Apr 20 2017
German PPI unchanged in March

In March 2017 the index of producer prices for industrial products rose by 3.1% compared with the corresponding month of the preceding year. Also in February 2017 the annual rate of change all over had been 3.1%, as reported by the Federal Statistical Office. Compared with the preceding month February 2017 the overall index did not change in March 2017 (0.2% in February and 0.7% in January).

In March 2017 the price indices of all main industrial groups rose compared with March 2016: Energy prices increased by 4.5%, though prices of the different energy carriers diverged. Prices of petroleum products increased by 16.2%, whereas prices of natural gas (distribution) decreased by 7.2%. Prices of intermediate goods rose by 3.9%, prices of non-durable consumer goods by 2.7%. Prices of durable consumer goods increased by 1.2% and prices of capital goods by 1.0%.

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