Germany's producer prices decreased by 0.5 percent year-on-year in November 2020, the least since February and less than market forecasts of a 0.6 percent fall. Energy prices dropped 2.7 percent, led by lower cost for petroleum products (-16.7 percent) and natural gas distribution (-5.2 percent); while non-durable consumer goods cost declined 0.7 percent, dragged down by food prices (-1.6 percent). Meantime, intermediate goods prices increased 0.2 percent due mainly to precious metals (21.3 percent), metallic secondary raw material (12.4 percent) and copper (9 percent). There were also increases in prices of both capital (0.8 percent) and durables consumer goods (1.5 percent). Excluding energy, producer prices were up 0.3 percent in November. On a monthly basis, producer prices rose 0.2 percent, beating market expectations of 0.1 percent. source: Federal Statistical Office
Producer Prices Change in Germany averaged 1.99 percent from 1950 until 2020, 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. This page provides the latest reported value for - Germany Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Producer Prices Change in Germany is expected to be 0.30 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 1.20 in 12 months time. In the long-term, the Germany Producer Prices Change is projected to trend around 1.40 percent in 2021 and 1.60 percent in 2022, according to our econometric models.