Annual producer inflation in Germany slowed to a three-month low of 32.7% in June of 2022 from May’s record peak of 33.6% and below market forecasts of 33.9%, amid a softer rise in energy prices. Energy prices remained the biggest upward contributor (86.1% vs 87.1% in May), namely distribution of natural gas (141.1%), electricity (93.3%). Excluding energy, producer prices climbed 15.5% from a year earlier. Other significant price increases were seen for intermediate goods (22.3%), particularly metals (33.6%), fertilizers and nitrogen compounds (104.4 %), and paper and paperboard (51.2%); non-durable consumer goods (14.7%), such as food (19.0%); durable consumer goods (10.5%); and capital goods (7.4%), the biggest increase since September 1975. On a monthly basis, producer prices were up 0.6%, the least since November 2020, easing from May’s 1.6% rise, and below market consensus of a 1.3% gain. source: Federal Statistical Office
Producer Prices Change in Germany averaged 2.30 percent from 1950 until 2022, reaching an all time high of 33.60 percent in May of 2022 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 August of 2022.
Producer Prices Change in Germany is expected to be 8.60 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 3.00 percent in 2023 and 2.50 percent in 2024, according to our econometric models.