Press release No. 105 of 20 March 2020
Producer prices of industrial products, February 2020
-0.4% on the previous month
-0.1% on the same month a year earlier
WIESBADEN – In February 2020 the index of producer prices for industrial products decreased by 0.1% compared with the corresponding month of the preceding year. In January the annual rate of change all over had been +0.2%, as reported by the Federal Statistical Office (Destatis). Compared with the preceding month January the overall index fell by 0.4% in February 2020 (+0.8% in January).
Energy prices as a whole decreased by 2.5% (-1.6% compared to January 2020). On an annual basis, prices of natural gas (distribution) decreased by 11.5% whereas prices of petroleum products increased by 0.1% and prices of electricity rose by 0.9%.
The overall index disregarding energy was 0.6% up on February 2019 and remained unchanged compared to January 2020.
Prices of intermediate goods decreased by 1.6% compared to February 2019 (-0.2% compared with January 2020). Prices decreased especially regarding non-metallic secondary raw materials (-47.6%). Prices of basic iron, steel and ferro-alloys fell by 8.8%. By contrast, prices of precious metals increased by 23.5% compared to February 2019. Prices of fresh concrete were up 7.9%.
Prices of non-durable consumer goods increased by 3.9% compared to February 2019 (+0.4% on January 2020). Food prices were up 5.7% on February 2019. Pork prices increased by 31.8%, the price of sugar by 18.0%. By contrast, prices of butter fell by 18.2% compared to February 2019 and prices for processed and preserved potatoes were 8.5% down on February 2019.
| Year / month | 2015 = 100 | Change in % compared with | ||
|---|---|---|---|---|
| corresponding month of preceding year | preceding month | |||
| 2019 | 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 | |
| October | 104.4 | -0.6 | -0.2 | |
| November | 104.4 | -0.7 | 0.0 | |
| December | 104.5 | -0.2 | 0.1 | |
2020 | January | 105.3 | 0.2 | 0.8 |
| February | 104.9 | -0.1 | -0.4 | |
| thereof: | ||||
| Intermediate goods | 103.8 | -1.6 | -0.2 | |
| Capital goods | 105.6 | 1.3 | 0.1 | |
| Durable consumer goods | 106.6 | 1.5 | 0.2 | |
| Non-durable consumer goods | 108.7 | 3.9 | 0.4 | |
| Energy | 102.9 | -2.5 | -1.6 | |
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.
