Producer prices in Germany declined 3.3% year-on-year February 2026, following a 3.0% drop in January, worse than market expectations of a 2.7% fall. This marked the twelfth consecutive month of falling producer prices and the fastest pace since April 2024, mainly due to a sharper decline in energy costs (-12.5% vs -11.8% in January), particularly natural gas (-14.3%) and electricity (-13.4%). Prices of non-durable consumer goods also continued to drop (-0.6% vs -0.2%), led by lower food costs (-1.9%), notably butter (-42.8%) and pork (-12.5%). Additionally, prices of capital goods (1.7% vs 1.8%), intermediate goods (1.1% vs 1.2%), and durable consumer goods (2.0% vs 2.1%) increased at slightly softer rates. Excluding energy, producer prices rose 1.0%, slowing from a 1.2% growth in the previous month. On a monthly basis, the PPI decreased 0.5%, after falling 0.6% in January, against market forecasts of a 0.3% rise. source: Federal Statistical Office

Producer Prices in Germany decreased 3.30 percent in February of 2026 over the same month in the previous year. Producer Prices Change in Germany averaged 2.35 percent from 1950 until 2026, reaching an all time high of 38.70 percent in September of 2022 and a record low of -9.20 percent in September of 2023. 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 March of 2026.

Producer Prices in Germany decreased 3.30 percent in February of 2026 over the same month in the previous year. Producer Prices Change in Germany is expected to be -1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Producer Prices Change is projected to trend around 1.90 percent in 2027 and 1.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-20 07:00 AM
PPI YoY
Jan -3% -2.5% -2.1% -2.3%
2026-03-20 07:00 AM
PPI YoY
Feb -3.3% -3% -2.7% -2.7%
2026-04-20 06:00 AM
PPI YoY
Mar -3.3% -1.9%


Related Last Previous Unit Reference
CPI 124.50 123.10 points Mar 2026
Core Consumer Prices 119.50 119.10 points Feb 2026
Core Inflation Rate 2.50 2.50 percent Mar 2026
CPI Housing Utilities 118.10 118.10 points Feb 2026
CPI Transportation 129.60 129.00 points Feb 2026
Export Prices 116.60 116.50 points Feb 2026
Food Inflation 1.50 2.60 percent Feb 2026
Harmonised Consumer Prices 102.11 100.94 points Mar 2026
Import Prices 112.80 112.50 points Feb 2026
Inflation Rate YoY 2.70 1.90 percent Mar 2026
Inflation Rate MoM 1.10 0.20 percent Mar 2026
PPI MoM -0.50 -0.60 percent Feb 2026
Producer Prices 123.80 124.40 points Feb 2026
PPI YoY -3.30 -3.00 percent Feb 2026
Wholesale Prices 119.50 118.80 points Feb 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
-3.30 -3.00 38.70 -9.20 1950 - 2026 percent Monthly
NSA

News Stream
German Producer Prices Fall by Most Since 2024
Producer prices in Germany declined 3.3% year-on-year February 2026, following a 3.0% drop in January, worse than market expectations of a 2.7% fall. This marked the twelfth consecutive month of falling producer prices and the fastest pace since April 2024, mainly due to a sharper decline in energy costs (-12.5% vs -11.8% in January), particularly natural gas (-14.3%) and electricity (-13.4%). Prices of non-durable consumer goods also continued to drop (-0.6% vs -0.2%), led by lower food costs (-1.9%), notably butter (-42.8%) and pork (-12.5%). Additionally, prices of capital goods (1.7% vs 1.8%), intermediate goods (1.1% vs 1.2%), and durable consumer goods (2.0% vs 2.1%) increased at slightly softer rates. Excluding energy, producer prices rose 1.0%, slowing from a 1.2% growth in the previous month. On a monthly basis, the PPI decreased 0.5%, after falling 0.6% in January, against market forecasts of a 0.3% rise.
2026-03-20
German Producer Prices Drop More than Expected
Producer prices in Germany fell 3% year-on-year in January 2026, following a 2.5% decline in the previous month, exceeding market expectations of a 2.1% drop. The decline was mainly driven by lower energy costs, which fell 11.8%. Key contributors within the energy sector included natural gas (-13.7%), electricity (-11.2%), mineral oil products (-8%), and district heating (-0.3%). At the same time, non-durable goods edged down to 0.2%, weighed down by price decreases in food products (-1.3%). Excluding energy, producer prices increased 1.2%, after a 0.9% gain in December 2025. On the other hand, costs rose for capital goods (1.8%) and durable consumer goods (2.1%). On a monthly basis, producer prices dropped by 0.6% in January, following a 0.2% fall in the preceding period, falling short of market expectations of a 0.3% rise.
2026-02-20
German Producer Prices Drop the Most in 20 Months
Producer prices in Germany fell 2.5% yoy in December 2025, following a 2.3% decline in November and compared with market expectations of a 2.4% fall. This marked the tenth consecutive month of annual producer price declines and the steepest drop since April 2024, primarily driven by lower energy costs, which fell 9.7%. Key contributors within the energy sector included natural gas (-14.6%), electricity (-11.1%), mineral oil products (-6.6%), and district heating (-0.2%). Excluding energy, producer prices advanced 0.9%, after a 0.8% gain in November. By contrast, price increases were recorded for non-durable consumer goods (0.6%), durable consumer goods (1.8%), and capital goods (2.0%). Intermediate goods also climbed 0.3%, due to higher metal prices. Monthly, the producer price index declined 0.2% in December, in line with expectations, after being flat in November, marking the first monthly decrease in three months. For the full year 2025, producer price deflation averaged 1.2%.
2026-01-20