German PPI down by 0.2%

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Tuesday, Jun 20 2017

German PPI down by 0.2%

In May 2017 the index of producer prices for industrial products rose by 2.8% compared with the corresponding month of the preceding year. In April 2017 the annual rate of change all over had been 3.4%, as reported by the Federal Statistical Office (Destatis). Compared with the preceding month April 2017 the overall index fell by 0.2% in May 2017 (+0.4 in April and unchanged in March).

In May 2017 the price indices of all main industrial groups increased compared with May 2016: Energy prices rose by 3.0%, though the development of prices of the different energy carriers diverged. Prices of petroleum products increased by 6.7% and prices of electricity by 5.6%, whereas prices of natural gas (distribution) decreased by 5.5%. Prices of intermediate goods rose by 3.7%, prices of non-durable consumer goods by 3.5%. Prices of durable consumer goods and prices of capital goods increased each by 1.1%.

More in this category: « Australian House Prices rose by 2.2% Carney Ends Silence With Brexit Warning, Rate-Hike Pushback »

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