Germany's producer prices decreased by 1.0% year-on-year in September 2020, the eighth consecutive month of decline and compared to market forecasts of a 1.4% drop. This was the smallest drop since March, as energy prices dropped less (-3.3% vs -3.9% in August), led by lower cost for petroleum products (-17.9%) and natural gas distribution (-8.2%), while prices of intermediate goods decreased 1.3% due mainly to secondary raw materials (-14.5%) as well as basic iron, steel and ferro-alloys (-8.3%), paper and paperboard (-6.5%) and basic chemicals (-6.0%). Also, non-durable consumer goods edged down 0.1%, dragged down by pork cost (-16.3%), while prices of sugar increased 19.6%. Meantime, there were increases in prices of both capital goods (0.9%) and durables consumer goods (1.4%). Excluding energy, producer prices fell 0.2% in September, after declining 0.4% in August. On a monthly basis, producer prices unexpectedly rose 0.4%, missing market expectations of a 0.1% decline. source: Federal Statistical Office
Producer Prices Change in Germany averaged 2 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 October of 2020.
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.