Press release No. 278 of 19 July 2019
Producer prices of industrial products, June 2019
-0.4% on the previous month
+1.2% on the same month a year earlier
WIESBADEN – In June 2019 the index of producer prices for industrial products rose by 1.2% compared with the corresponding month of the preceding year. In May 2019 the annual rate of change all over had been 1.9% as reported by the Federal Statistical Office.
Compared with the preceding month May 2019 the overall index decreased by 0.4% in June 2019 (-0.1% in May 2019).
Energy prices, the development of which had the greatest impact on the growth of the overall index, rose by 2.2% (-1.4% compared to May 2019). On an annual basis electricity prices increased by 7.4% whereas prices of natural gas (distribution) decreased by 0.6% and prices of petroleum products by 2.0%.
The overall index disregarding energy was 0.9% up on June 2018 and unchanged compared to May 2019.
Prices of non-durable consumer goods increased by 2.1% compared to June 2018 (+0.5% on May 2019). Food prices were up 2.6%. Particularly high was the increase of prices of meat of swine (+21%) and of processed and preserved potatoes (+16%). By contrast in June 2019 prices of butter fell by 30.7% compared to June 2018 and prices of sugar by 15.2%.
Prices of capital goods increased by 1.5%, prices of durable consumer goods were up 1.4%.
Prices of intermediate goods decreased by 0.2% compared to June 2018 (-0.2% on May 2019). Prices decreased especially regarding metallic secondary raw materials (-11.8%). Prices of metals were down 3.5% on June 2018. In contrast prices of cereal flour and prices of fertilisers and nitrogen compounds were up 7.7% compared to June 2018, each.
| Year / month | 2015 = 100 | Change in % compared with | ||
|---|---|---|---|---|
| corresponding month of preceding year | preceding month | |||
| 2018 | 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 | |
| June | 104,9 | 1,2 | -0,4 | |
| thereof: | ||||
| Intermediate goods | 105.4 | -0,2 | -0.2 | |
| Capital goods | 104.5 | 1.5 | 0.0 | |
| Durable consumer goods | 105.4 | 1.4 | 0.1 | |
| Non-durable consumer goods | 106.7 | 2,1 | 0.5 | |
| Energy | 103,5 | 2,2 | -1,4 | |
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.
