The German annual producer price inflation eased to 2.4 percent in March 2019 from 2.6 percent in the previous month and below market expectations of 2.7 percent. It was the lowest producer inflation since April last year, as prices rose at slower pace for both energy (6.6 percent vs 7.5 percent) and non-durable consumer goods (0.4 percent vs 0.8 percent). Meantime, inflation was unchanged for durable consumer goods (at 1.6 percent), capital goods (at 1.6 percent), and intermediate goods (at 1.1 percent). Excluding energy, producer inflation edged down to 1.2 percent in March from 1.3 percent in February. On a monthly basis, producer prices fell 0.1 percent in March, also missing market 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 2.00 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.