Press release No. 410 of 21 October 2019
Producer prices of industrial products, September 2019
+0.1% on the previous month
-0.1% on the same month a year earlier
WIESBADEN – In September 2019 the index of producer prices for industrial products decreased by 0.1% compared with the corresponding month of the preceding year. In August 2019 the annual rate of change all over had been +0.3%, as reported by the Federal Statistical Office. Compared with the preceding month August 2019 the overall index rose slightly by 0.1% in September 2019 (-0.5% in August 2019).
Energy prices as a whole decreased by 1.9% (+0.4% compared to August 2019). On an annual basis prices of natural gas (distribution) decreased by 6.8% and prices of petroleum products by 7.6% whereas prices of electricity rose by 3.7%.
The overall index disregarding energy was 0.5% up on September 2018 and decreased slightly by 0.1% compared to August 2019.
Prices of intermediate goods decreased by 1.0% compared to September 2018 (-0.3% on August 2019). Prices decreased especially regarding secondary raw materials (-15.0%) and electronic integrated circuits (-12.4%). Prices of metals fell by 2.4% on September 2018, where especially prices of basic iron, steel and ferro-alloys fell (-5.9%). In contrast prices of precious metals increased by 30.4% compared to September 2018. Prices of fresh concrete were up 6.5%.
Prices of capital goods increased by 1.5%, prices of durable consumer goods were up 1.4%.
Prices of non-durable consumer goods increased by 1.8% compared to September 2018 (+0.2% on August 2019). Food prices were up 2.2%. Particularly high was the increase of prices of meat of swine (+19.4%) and of processed and preserved potatoes (+16.1%). By contrast in September 2019 prices of butter fell by 34.3% compared to September 2018. The price of sugar decreased by 11.1% though prices rose by 4.2% compared to August 2019.
| Year / month | 2015 = 100 | Change in % compared with | ||
|---|---|---|---|---|
| corresponding month of preceding year | preceding month | |||
| 2018 | 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 | |
| July | 105.0 | 1.1 | 0.1 | |
| August | 104.5 | 0.3 | -0.5 | |
| September | 104.6 | -0.1 | 0.1 | |
| thereof: | ||||
| Intermediate goods | 104.5 | -1.0 | -0.3 | |
| Capital goods | 104.8 | 1.5 | 0.0 | |
| Durable consumer goods | 105.6 | 1.4 | 0.1 | |
| Non-durable consumer goods | 106.8 | 1.8 | 0.2 | |
| Energy | 102.9 | -1.9 | 0.4 | |
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.
