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Press release 144 / 2018-04-20: Producer prices in March 2018: +1.9% on March 2017

Producer Price Index

Producer prices of industrial products, March 2018

  • +0.1% on the previous month
  • +1.9% on the same month a year earlier

In March 2018 the index of producer prices for industrial products rose by 1.9% compared with the corresponding month of the preceding year. In February the annual rate of change all over had been 1.8%, as reported by the Federal Statistical Office (Destatis).

More : Producer prices in March 2018: +1.9% on March 2017 …

Current WISTA edition: Dynamic pricing on the internet

Frequent online shoppers will notice that the prices of some products change within short time intervals. This type of price-setting behaviour is referred to as dynamic pricing. Roughly 10,000 online prices are collected for consumer price statistics each month. Is it still possible for consumer price statistics to capture the representative price development and to take into account dynamic pricing?

In their article on Dynamic pricing as a challenge for consumer price statistics, published in the 2/2018 issue of our WISTA scientific journal, Christian Blaudow and Florian Burg report on the results of a study conducted in 2017 to examine the price-setting behaviour of online shops. Using web scraping, a technique for the automated collection of online prices, the study monitored products included in the consumer price index sample. It was found that web scraping is a sensible and efficient method to expand online price collection in future and to help ensure the quality of consumer price statistics.

Key figures

Population30.06.201782.7 mn
Persons in employment4th Quarter 201744.7 mn
Economic growth (GDP)4th Quarter 20170.6%
Inflation rate (CPI)March 20181.6%
Share in gross domestic product
Net lending20171.1%
Public debt201668.1%

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