Press release No. 449 of 20 November 2018
Producer prices of industrial products, October 2018
+0.3% on the previous month
+3.3% on the same month a year earlier
WIESBADEN – In October 2018 the index of producer prices for industrial products rose by 3.3% compared with the corresponding month of the preceding year. In September the annual rate of change all over had been 3.2%, as reported by the Federal Statistical Office (Destatis).
Compared with the preceding month September the overall index rose by 0.3% in October 2018 (+0.5 % in September 2018 and +0.3% in August 2018).
In October 2018 the price indices of all main industrial groups increased compared with October 2017: Energy prices were up 9.4%, though the development of prices of the different energy carriers diverged. Prices of petroleum products were up 19.2%, whereas prices of natural gas (distribution) rose by 9.2% and prices of electricity increased by 9.1%. Prices of intermediate goods were up 2.3%. Prices of durable consumer goods rose by 1.7%, of capital goods by 1.4% and prices of non-durable consumer goods by 0.2%.
The overall index disregarding energy was 1.6% up on October 2017 and unchanged compared with September 2018.
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.
