Producer prices in Germany increased 7.2 percent year-on-year in May of 2021, the strongest growth since October of 2008, when prices rose strongly before the financial crisis, and above market expectations of 6.4 percent. Main upward pressure came from cost of intermediate products (10.7 percent), namely secondary raw material (69.9 percent), sawn and planed wood (38.4 percent) and metals (23.1 percent); and of energy (14.9 percent), namely natural gas (25.5 percent), after a sharp drop in prices in the spring 2020 when the coronavirus pandemic hit the economy hard. Prices of durable consumer goods increased by 1.7 percent and capital goods, such as machines and vehicles, by 1.2 percent. On the other hand, prices of non-durable consumer goods rose by 0.5 percent, with food increasing 0.3 percent, mainly due to vegetables oils and butter. On a monthly basis, producer prices advanced 1.5 percent, the most since July 2008, and beating market forecasts of a 0.7 percent rise. source: Federal Statistical Office

Producer Prices Change in Germany averaged 2 percent from 1950 until 2021, 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 July of 2021.

Producer Prices Change in Germany is expected to be 7.50 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 5.60 in 12 months time. In the long-term, the Germany Producer Prices Change is projected to trend around 3.00 percent in 2022 and 2.30 percent in 2023, according to our econometric models.

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Germany Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
7.20 5.20 22.40 -7.80 1950 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-19 07:00 AM Feb 1.9% 0.9% 2% 1.8%
2021-04-20 06:00 AM Mar 3.7% 1.9% 3.3% 3.1%
2021-05-20 06:00 AM Apr 5.2% 3.7% 5.1% 5%
2021-06-18 06:00 AM May 7.2% 5.2% 6.4% 6.2%
2021-07-20 06:00 AM Jun 7.2% 8.4% 8.3%
2021-08-20 06:00 AM Jul
2021-09-20 06:00 AM Aug
2021-10-20 06:00 AM Sep


News Stream
German Producer Prices Rise the Most Since 2008
Producer prices in Germany increased 7.2 percent year-on-year in May of 2021, the strongest growth since October of 2008, when prices rose strongly before the financial crisis, and above market expectations of 6.4 percent. Main upward pressure came from cost of intermediate products (10.7 percent), namely secondary raw material (69.9 percent), sawn and planed wood (38.4 percent) and metals (23.1 percent); and of energy (14.9 percent), namely natural gas (25.5 percent), after a sharp drop in prices in the spring 2020 when the coronavirus pandemic hit the economy hard. Prices of durable consumer goods increased by 1.7 percent and capital goods, such as machines and vehicles, by 1.2 percent. On the other hand, prices of non-durable consumer goods rose by 0.5 percent, with food increasing 0.3 percent, mainly due to vegetables oils and butter. On a monthly basis, producer prices advanced 1.5 percent, the most since July 2008, and beating market forecasts of a 0.7 percent rise.
2021-06-18
Germany Producer Inflation Highest since 2011
Producer prices in Germany increased 5.2 percent year-on-year in April of 2021, the biggest gain since September of 2011 and above market expectations of 5.1 percent. Main upward pressure came from cost of intermediate products (8.2 percent), namely secondary raw material (62.7 percent), sawn and planed wood (27.1 percent) and metals (17.3 percent); and of energy (10.6 percent), namely electricity (10.7 percent) and mineral oil products (30.9 percent), after a sharp drop in prices in the spring 2020 when the coronavirus pandemic hit the economy hard. Prices of durable consumer goods increased by 1.6 percent and capital goods, such as machines and vehicles, by 1 percent. On the other hand, prices of non-durable consumer goods decreased by 0.6 percent, with food falling 1.3 percent due to pork. On a monthly basis, producer prices surged 0.8 percent, in line with forecasts.
2021-05-20
Germany Producer Prices Rise the Most in Over 9 Years
Germany's producer prices increased 3.7 percent year-on-year in March 2021, the most since November 2011 and above market forecasts of a 3.3 percent rise. Prices of intermediate goods grew 5.7 percent, the highest rate since July 2011, due mainly to secondary raw material (46.8 percent) and prepared feed for farm animals (15.9 percent). There were also increases in prices of capital (0.9 percent); durables consumer goods (1.4 percent) and energy (8.0 percent), mainly due to an increase in electricity prices (9.6 percent), furthermore to the national CO2-pricing that has been introduced in January 2021. Meanwhile, non-durable consumer goods cost fell 1.4 percent, dragged down by food prices (-2.5 percent). Excluding energy, producer prices rose by 2.4 percent in March.
2021-04-20
Germany Producer Prices Rise the Most in 21 Months
Germany's producer prices increased 1.9 percent year-on-year in February 2021, the most since May 2019 but slightly below market forecasts of a 2 percent rise. Prices of intermediate goods grew 3.8 percent, due mainly to secondary raw material (46.6 percent) and prepared feed for farm animals (13.8 percent). There were also increases in prices of capital (0.8 percent); durables consumer goods (1.4 percent) and energy (3.7 percent), mainly due to an increase in electricity prices (6.8 percent), furthermore to the national CO2-pricing that has been introduced in January 2021. On the other hand, non-durable consumer goods cost fell 2.0 percent, dragged down by food prices (-3.7 percent). Excluding energy, producer prices rose by 1.4 percent in February.
2021-03-19

Germany Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.