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- Germany producer price index rose more than expected in January
Germany producer price index rose more than expected in January
According to the report from Federal Statistical Office (Destatis), in January 2019 the index of producer prices for industrial products rose by 2.6% compared with the corresponding month of the preceding year. Economists had expected a 2.2% increase. In December 2018 the annual rate of change all over had been 2.7%.
Compared with the preceding month December 2018 the overall index increased by 0.4% in January 2019 (-0.4% in December 2018 and +0.1% in November 2018). Economists had expected a 0.2% decrease.
In January 2019 the price indices of all main industrial groups increased compared with January 2018: Energy prices rose by 7.2% (+0.6% compared with December 2018). Prices of durable consumer goods as well as prices of capital goods were up 1.6%. Prices of intermediate goods increased by 1.2% and of non-durable consumer goods by 0.6%.
The overall index disregarding energy was 1.2% up on January 2018 and 0.2% up compared with December 2018.
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