Producer prices in July 2017: +2.3% on July 2016

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MIL OSI – Source: Destatis Statistisches Bundesamt – In English –

Headline: Producer prices in July 2017: +2.3% on July 2016

WIESBADEN – In July 2017 the index of producer prices for industrial products rose by 2.3% compared with the corresponding month of the preceding year. In June 2017 the annual rate of change all over had been 2.4%, as reported by the Federal Statistical Office.Compared with the preceding month June 2017 the overall index rose by 0.2% in July 2017 (unchanged in June and –0.2% in May).In July 2017 the price indices of all main industrial groups increased compared with July 2016: Prices of non-durable consumer goods rose by 3.7%, prices of intermediate goods by 3.0%. Energy prices rose by 1.9%, though the development of prices of the different energy carriers diverged. Prices of electricity increased by 4.4% and prices of petroleum products by 3.1%, whereas prices of natural gas (distribution) decreased by 6.2%. Prices of durable consumer goods and prices of capital goods increased each by 1.1%.The overall index disregarding energy was 2.5% up on July 2016 and rose by 0.2% compared with June 2017.More detailed data and long time series are available in table Producer price indices for industrial products (61241-0004) in the GENESIS-Online database.

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