The German producer price inflation edged up to 2.5 percent year-on-year in April 2019 from an 11-month low of 2.4 percent in the previous month and beating market expectations of 2.4 percent. Prices of non-durable consumer goods jumped (1.5 percent vs 0.4 percent in March), while inflation was unchanged for both energy (at 6.6 percent) and durable consumer goods (at 1.6 percent). Meantime, cost went up at a softer rate for both capital goods (1.5 percent vs 1.6 percent) and intermediate goods (1 percent vs 1.1 percent). Excluding energy, producer inflation also inched higher to 1.3 percent in April from 1.2 percent in March. On a monthly basis, producer prices rose by 0.5 percent in April, beating forecasts of 0.3 percent. 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 2.00 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 1.80 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.