Germany's producer prices increased 3.7 percent year-on-year in March 2021, the most since November 2011 and above market forecasts of a 3.3 percent rise. Prices of intermediate goods grew 5.7 percent, the highest rate since July 2011, due mainly to secondary raw material (46.8 percent) and prepared feed for farm animals (15.9 percent). There were also increases in prices of capital (0.9 percent); durables consumer goods (1.4 percent) and energy (8.0 percent), mainly due to an increase in electricity prices (9.6 percent), furthermore to the national CO2-pricing that has been introduced in January 2021. Meanwhile, non-durable consumer goods cost fell 1.4 percent, dragged down by food prices (-2.5 percent). Excluding energy, producer prices rose by 2.4 percent in March. source: Federal Statistical Office
Producer Prices Change in Germany averaged 1.99 percent from 1950 until 2021, 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 May of 2021.
Producer Prices Change in Germany is expected to be 1.70 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 1.90 in 12 months time. In the long-term, the Germany Producer Prices Change is projected to trend around 2.50 percent in 2022 and 1.80 percent in 2023, according to our econometric models.