Press release No. 192 of 20 May 2019
Producer prices of industrial products, April 2019
+0.5% on the previous month
+2.5% on the same month a year earlier
WIESBADEN – In April 2019 the index of producer prices for industrial products rose by 2.5% compared with the corresponding month of the preceding year. In March 2019 the annual rate of change all over had been 2.4% as reported by the Federal Statistical Office (Destatis).
Compared with the preceding month March 2019 the overall index increased by 0.5% in April 2019 (-0.1% in March 2019).
In April 2019 the price indices of all main industrial groups increased compared with April 2018.
Energy prices, the development of which had the greatest impact on the growth of the overall index, rose by 6.6% (+1.0% compared to March 2019). On an annual basis electricity prices increased by 10.8%, prices of natural gas (distribution) by 6.1% and prices of petroleum products by 5.8%.
The overall index disregarding energy was 1.3% up on April 2018 and 0.3% up compared with March 2019.
Prices of durable consumer goods were up 1.6% (+0.2% compared to March 2019), prices of capital goods increased by 1.5% (+0.1% compared to March 2019).
Prices of non-durable consumer goods increased by 1.5% compared to April 2018 (+1.1% on March 2019). Food prices were up 1.8%. Particularly high was the increase of prices of meat of swine and of processed and preserved potatoes (+15.9% each). Whereas the prices of meat of swine increased by 18.4% from March to April 2019 the increase on prices of potatoes was much more moderate (+0.3%). By contrast in April 2019 prices of butter fell by 15.5% compared to April 2018 and sugar by 15.3%.
Prices of intermediate goods increased by 1.0% (+0.2% compared to March 2019). Within the group of intermediate goods cereal flour showed a particularly high price increase compared to April 2018 (+10.1%), but prices fell by 0.7% compared to March 2019. Prices of articles of concrete, cement and plaster were up 4.5% compared to April 2018. Prices decreased especially regarding testliners (-14.9%), secondary raw materials (-6.5%), lead, zinc and tin (-5.3%) and electronic components and boards (-3.8%). Metal prices were down 0.2% on April 2018.
| Year / month | 2015 = 100 | Change in % compared with | ||
|---|---|---|---|---|
| corresponding month of preceding year | preceding month | |||
| 2018 | 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 | |
| April | 105.4 | 2.5 | 0.5 | |
| thereof: | ||||
| Intermediate goods | 105.9 | 1.0 | 0.2 | |
| Capital goods | 104.4 | 1.5 | 0.1 | |
| Durable consumer goods | 105.3 | 1.6 | 0.2 | |
| Non-durable consumer goods | 105.8 | 1.5 | 1.1 | |
| Energy | 105.6 | 6.6 | 1.0 | |
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.
