The German annual producer price inflation stood at 2.6 percent in February 2019, the same as the previous month and lower than market expectations of 2.9 percent. Inflation was unchanged for both durable consumer and capital goods (at 1.6 percent, respectively), while eased slightly for intermediate goods (1.1 percent vs 1.2 percent). Meantime, cost rose faster for both energy (7.5 percent vs 7.2 percent) and non-durable consumer goods (0.8 percent vs 0.6 percent).
Excluding energy, producer inflation edged up to 1.3 percent in February from 1.2 percent in January. On a monthly basis, producer prices fell 0.1 percent in February, after a 0.4 percent gain in a month earlier and against consensus of a 0.2 percent rise. Producer Prices Change in Germany averaged 2.05 percent from 1950 until 2019, reaching an all time high of 22.40 percent in June of 1951 and a record low of -7.80 percent in July of 2009.
Producer Prices Change in Germany is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Germany to stand at 2.00 in 12 months time. In the long-term, the Germany Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.