Press release No. 379 of 5 October 2018
Producer prices of industrial products, August 2018
+0.3% on the previous month
+3.1% on the same month a year earlier
WIESBADEN – In August 2018 the index of producer prices for industrial products rose by 3.1% compared with the corresponding month of the preceding year. In July the annual rate of change all over had been 2.9%, as reported by the Federal Statistical Office.
Compared with the preceding month July the overall index rose by 0.3% in August 2018 (+0.2% in July 2018 and +0.4% in June 2018).
In August 2018 the price indices of all main industrial groups increased compared with August 2017: Energy prices were up 7.3%, though the development of prices of the different energy carriers diverged. Prices of petroleum products were up 17.9%, whereas prices of electricity increased by 7.9% and prices of natural gas (distribution) rose by 4.9%. Prices of intermediate goods were up 2.9%. Prices of durable consumer goods rose by 1.8% and of capital goods by 1.4%, whereas prices of non-durable consumer goods slightly increased by 0.1%.
The overall index disregarding energy was 1.8% up on July 2017 and 0.1% compared with July 2018.
The Federal Statistical Office of Germany for the first time presents the results of the recalculation of the index of producer prices on base 2015 = 100. As with former rebasings all results have been recalculated starting in January 2015.
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.
