Press release No. 415 of 20 October 2020
Producer prices of industrial products (domestic market), September 2020
+0.4% on the previous month
-1.0% on the same month a year earlier
WIESBADEN – In September 2020, the index of producer prices for industrial products decreased by 1.0% compared with the corresponding month of the preceding year. In August the annual rate of change all over had been –1.2%, as reported by the Federal Statistical Office (Destatis). Compared with the preceding month August the overall index increased by 0.4% in September 2020 (unchanged in August).
Energy prices as a whole decreased by 3.3%. On an annual basis, prices of petroleum products were down 17.9%, prices of natural gas (distribution) decreased by 8.2%.
The overall index disregarding energy was 0.2% down on September 2019.
Prices of intermediate goods decreased by 1.3% compared to September 2019. Prices decreased especially regarding secondary raw materials of paper and paperboard (-14.5%) as well as basic iron, steel and ferro-alloys (-8.3%). Paper and paperboard were down 6.5% and basic chemicals 6.0%. By contrast, prices of precious metals increased by 24.2% compared to September 2019.
Prices of non-durable consumer goods decreased by 0.1% compared to September 2019. Pork prices were down 16.3%. By contrast, the price of sugar increased by 19.6% compared to September 2019 (+4.6% compared to August 2020). Prices of coffee rose by 2.7%.
Prices of capital goods increased by 0.9% compared to September 2019, durable consumer goods by 1.4%.
| Year / month | 2015 = 100 | Change in % compared with | ||
|---|---|---|---|---|
| corresponding month of preceding year | preceding month | |||
| 2019 | 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 | |
| March | 104.1 | -0.8 | -0.8 | |
| April | 103.4 | -1.9 | -0.7 | |
| May | 103.0 | -2.2 | -0.4 | |
| June | 103.0 | -1.8 | 0.0 | |
| July | 103.2 | -1.7 | 0.2 | |
| August | 103.2 | -1.2 | 0.0 | |
| September | 103.6 | -1.0 | +0.4 | |
| thereof: | ||||
| Intermediate goods | 103.1 | -1.3 | 0.4 | |
| Capital goods | 105.7 | 0.9 | -0.1 | |
| Durable consumer goods | 107.1 | 1.4 | 0.0 | |
| Non-durable consumer goods | 106.7 | -0.1 | -0.2 | |
| Energy | 99.5 | -3.3 | 1.0 | |
Crisis Monitor allows comparison between corona crisis and and financial and economic crisis
The Producer price index for industrial products is also part of the "Crises monitor", which is used by the Federal Statistical Office to compare the development of major short-term indicators between the corona crisis and the financial and economic crisis of 2008/2009. The “Crisis Monitor” complements the "Corona statistics" webpage, which has provided statistical information on the economic and social consequences of the corona pandemic since early April.
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.
