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.