Press release No. 157 of 18 April 2019
Producer prices of industrial products, March 2019
-0.1% on the previous month
+2.4% on the same month a year earlier
WIESBADEN – In March 2019 the index of producer prices for industrial products rose by 2.4% compared with the corresponding month of the preceding year. In February 2019 the annual rate of change all over had been 2.6% as reported by the Federal Statistical Office (Destatis).
Compared with the preceding month February 2019 the overall index decreased by 0.1% in March 2019 (-0.1% in February 2019).
In March 2019 the price indices of all main industrial groups increased compared with March 2018.
Energy prices, the development of which had the greatest impact on the growth of the overall index, rose by 6.6% (-0.9% compared with February 2019). On an annual basis electricity prices increased by 10.8%, prices of natural gas (distribution) by 6.8% and prices of petroleum products by 5.9%.
The overall index disregarding energy was 1.2% up on March 2018 and 0.1% up compared with February 2019.
Prices of durable consumer goods as well as prices of capital goods were up 1.6% (+0.1% compared with February 2019, each).
Prices of intermediate goods increased by 1.1% (+0.2% compared with February 2019). Within the group of intermediate goods cereal flour showed a particularly high price increase compared with March 2018 (+10.6%), but prices fell by 0.9% compared with February 2019. Metal prices were up 0.4% compared to March 2018. Prices decreased especially regarding secondary raw materials (-7.0%) and electronic components and boards (-3.1%).
Prices of non-durable consumer goods increased by 0.4% compared with March 2018. Food prices decreased slightly by 0.1%. Whereas prices of processed and preserved potatoes were up 15.6%, prices of sugar (-16.0%) and butter (-11.1%) decreased.
| Year / month | 2015 = 100 | Change in % compared with | ||
|---|---|---|---|---|
| corresponding month of preceding year | preceding month | |||
| 2018 | March | 102,4 | 1,8 | 0,1 |
| April | 102,8 | 1,9 | 0,4 | |
| May | 103,3 | 2,5 | 0,5 | |
| June | 103,7 | 2,9 | 0,4 | |
| July | 103,9 | 2,9 | 0,2 | |
| August | 104,2 | 3,1 | 0,3 | |
| September | 104,7 | 3,2 | 0,5 | |
| October | 105,0 | 3,3 | 0,3 | |
| November | 105,1 | 3,3 | 0,1 | |
| December | 104,7 | 2,7 | -0,4 | |
| 2019 | January | 105,1 | 2,6 | 0,4 |
| February | 105,0 | 2,6 | -0,1 | |
| March | 104,9 | 2,4 | -0,1 | |
| thereof: | ||||
| Intermediate goods | 105,7 | 1,1 | 0,2 | |
| Capital goods | 104,3 | 1,6 | 0,1 | |
| Durable consumer goods | 105,1 | 1,6 | 0,1 | |
| Non-durable consumer goods | 104,6 | 0,4 | 0,0 | |
| Energy | 104,6 | 6,6 | -0,9 | |
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.
