Producer inflation in Germany accelerated for a 12th straight month to a new all-time high of 24.2% in December of 2021, above 19.2% in November and forecasts of 19.4%. Soaring energy costs continue to make the biggest upward contribution (prices up 69%), namely the distribution of natural gas (121.9%) and electricity (74.3%). Excluding energy, producer inflation was 10.4%. Cost also increased for intermediate goods (19.3%), namely metals (36.1%), secondary raw materials (69.1%), of wooden containers (66.9%); non-durable consumer goods (4.7%), mainly crude vegetable oils (54.5%) and butter (48.1%); and capital goods (3.8%), namely computing machines (18.5%) and metal structures and parts of structures (17.9%). Considering full 2021, producer prices increased 10.5% on average, with energy prices soaring 24.8%, mainly driven by distribution of natural gas (41.7%), petroleum (27.6%) and electricity (25.1%). source: Federal Statistical Office

Producer Prices Change in Germany averaged 2.11 percent from 1950 until 2021, reaching an all time high of 24.20 percent in December of 2021 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 2022.

Producer Prices Change in Germany is expected to be 15.60 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 2.30 percent in 2023, according to our econometric models.

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Germany Producer Prices Change


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
24.20 19.20 24.20 -7.80 1950 - 2021 percent Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-17 07:00 AM Nov 19.2% 18.4% 19.9% 20%
2022-01-20 07:00 AM Dec 24.2% 19.2% 19.4% 19.1%
2022-02-21 07:00 AM Jan 24.2%


Related Last Previous Unit Reference
Inflation Rate 5.30 5.20 percent Dec/21
Inflation Rate Mom 0.50 -0.20 percent Dec/21
Consumer Price Index CPI 111.10 110.50 points Dec/21
Harmonised Consumer Prices 111.30 111.00 points Dec/21
Core Inflation Rate 3.70 3.30 percent Dec/21
Core Consumer Prices 110.20 109.30 points Dec/21
Producer Prices 130.00 123.80 points Dec/21
Producer Prices Change 24.20 19.20 percent Dec/21
Export Prices 111.90 111.00 points Nov/21
Import Prices 121.70 118.20 points Nov/21
Food Inflation 5.90 4.60 percent Dec/21
Producer Price Inflation MoM 5.00 0.80 percent Dec/21
Wholesale Prices 119.10 118.90 points Dec/21
CPI Transportation 117.70 118.50 points Dec/21
CPI Housing Utilities 109.60 109.50 points Dec/21


News Stream
Germany Producer Inflation Hits Record High
Producer inflation in Germany accelerated for a 12th straight month to a new all-time high of 24.2% in December of 2021, above 19.2% in November and forecasts of 19.4%. Soaring energy costs continue to make the biggest upward contribution (prices up 69%), namely the distribution of natural gas (121.9%) and electricity (74.3%). Excluding energy, producer inflation was 10.4%. Cost also increased for intermediate goods (19.3%), namely metals (36.1%), secondary raw materials (69.1%), of wooden containers (66.9%); non-durable consumer goods (4.7% ), mainly crude vegetable oils (54.5%) and butter (48.1%); and capital goods (3.8%), namely computing machines (18.5%) and metal structures and parts of structures (17.9%). Considering full 2021, producer prices increased 10.5% on average, with energy prices soaring 24.8%, mainly driven by distribution of natural gas (41.7%), petroleum (27.6%) and electricity (25.1%).
2022-01-20
German Producer Inflation Hits Fresh 7-Decade High
Germany's producer prices jumped by 19.2 percent from a year earlier in November 2021, accelerating from an 18.4 percent rise in the previous month and compared with market expectations of 19.9 percent. It was the biggest increase in producer costs since November 1951, mainly due to a surge in energy prices, ongoing supply disruptions and a low base year. Energy cost soared 49.4 percent, driven by natural gas (83.4 percent) and electricity (48.0 percent), while there were also increases in prices of intermediate products (19.1 percent), durable consumer goods (3.7 percent), capital goods (3.6 percent), and non-durable consumer goods (3.7 percent). On monthly basis, producer prices increased by 0.8 percent in November, below forecasts of 1.4 percent.
2021-12-17
German Producer Inflation Highest Since 1951
Germany's producer prices surged by 18.4 percent from a year earlier in October 2021, accelerating from a 14.2 percent rise in the previous month and beating market expectations of 16.2 percent. It was the largest increase in producer costs since November 1951, mainly due to a jump in energy prices, ongoing supply disruptions and a low base year. Energy cost soared 48.2 percent, boosted by natural gas (81.4 percent) and electricity (49.6 percent), while there were also increases in prices of intermediate products (18.1 percent), durable consumer goods (3.4 percent), capital goods (3.2 percent), and non-durable consumer goods (3.0 percent). On monthly basis, producer prices rose by 3.8 percent in October, also above forecasts of 1.9 percent.
2021-11-19