Press release No. 230 of 19 June 2019
Producer prices of industrial products, May 2019
-0.1% on the previous month
+1.9% on the same month a year earlier
WIESBADEN – In May 2019 the index of producer prices for industrial products rose by 1.9% compared with the corresponding month of the preceding year. In April 2019 the annual rate of change all over had been 2.5% as reported by the Federal Statistical Office (Destatis).
Compared with the preceding month April 2019 the overall index decreased by 0.1% in May 2019 (+0.5% in April 2019).
In May 2019 the price indices of all main industrial groups increased compared with May 2018.
Energy prices, the development of which had the greatest impact on the growth of the overall index, rose by 4.5% (-0.6% compared to April 2019). On an annual basis electricity prices increased by 9.2%, prices of petroleum products by 2.8% and prices of natural gas (distribution) by 2.7%.
The overall index disregarding energy was 1.1% up on May 2018 and unchanged compared to April 2019.
Prices of capital goods increased by 1.6% (+0.1% compared to April 2019)
Prices of non-durable consumer goods increased by 1.8% compared to May 2018 (+0.4% on April 2019). Food prices were up 2.3%. Particularly high was the increase of prices of meat of swine (+21.4%) and of processed and preserved potatoes (+15.7% each). By contrast in May 2019 prices of butter fell by 24.2% compared to May 2018 and sugar by 16.1%.
Prices of intermediate goods increased by 0.5% (-0.3% compared to April 2019). Prices of articles of concrete, cement and plaster were up 4.6% compared to May 2018. Prices decreased especially regarding metallic secondary raw materials (-9.1%). Prices of non-ferrous metals were down 4.0% on May 2018.
Prices of durable consumer goods were up 1.4% (unchanged from April to May 2019).
| Year / month | 2015 = 100 | Change in % compared with | ||
|---|---|---|---|---|
| corresponding month of preceding year | preceding month | |||
| 2018 | 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 | |
| May | 105.3 | 1.9 | -0.1 | |
| thereof: | ||||
| Intermediate goods | 105.6 | 0.5 | -0.3 | |
| Capital goods | 104.5 | 1.6 | 0.1 | |
| Durable consumer goods | 105.3 | 1.4 | 0.0 | |
| Non-durable consumer goods | 106.2 | 1.8 | 0.4 | |
| Energy | 105.0 | 4.5 | -0.6 | |
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.
