Press release No. 366 of 20 September 2019
Producer prices of industrial products, August 2019
-0.5% on the previous month
+0.3% on the same month a year earlier
WIESBADEN – In August 2019 the index of producer prices for industrial products rose by 0.3% compared with the corresponding month of the preceding year. In July 2019 the annual rate of change all over had been +1.1%, as reported by the Federal Statistical Office (Destatis).
Compared with the preceding month July 2019 the overall index decreased by 0.5% in August 2019 (+0.1% in July 2019).
The greatest impact on the growth of the overall index compared to August 2018 had the development of electricity prices. These were up 6.0% (-1.1% compared to July 2019). Energy prices as a whole decreased by 0.3% (-1.6% compared to July 2019). On an annual basis prices of natural gas (distribution) decreased by 5.0% and prices of petroleum products by 5.7%.
The overall index disregarding energy was 0.6% up on August 2018 and remained unchanged compared to July 2019.
Prices of non-durable consumer goods increased by 1.7% compared to August 2018 (+0.1% on July 2019). Food prices were up 2.2%. Particularly high was the increase of prices of meat of swine (+17.6%) and of processed and preserved potatoes (+16%). By contrast in August 2019 prices of butter fell by 32.9% compared to August 2018 and prices of sugar by 14.8%. Prices of coffee decreased by 6.5%.
Prices of capital goods increased by 1.5%, prices of durable consumer goods were up 1.3%.
Prices of intermediate goods decreased by 0.9% compared to August 2018 (-0.2% on July 2019). Prices decreased especially regarding electronic integrated circuits (-13.7%) and metallic secondary raw materials (-13.6%). Prices of metals fell by 2.6% on August 2018, prices of basic iron, steel and ferro-alloys by 5.1%. In contrast prices of precious metals increased by 22.7% compared to August 2018. Prices of articles of concrete, cement and plaster were up 4.7.
Year / month | 2015 = 100 | Change in % compared with | ||
---|---|---|---|---|
corresponding month of preceding year | preceding month | |||
2018 | August | 104.2 | 3.1 | 0.3 |
September | 104.7 | 3.2 | 0.5 | |
October | 105.0 | 3.3 | 0.3 | |
November | 105.1 | 3.3 | 0.1 | |
December | 104.7 | 2.7 | -0.4 | |
2019 | January | 105.1 | 2.6 | 0.4 |
February | 105.0 | 2.6 | -0.1 | |
March | 104.9 | 2.4 | -0.1 | |
April | 105.4 | 2.5 | 0.5 | |
May | 105.3 | 1.9 | -0.1 | |
June | 104.9 | 1.2 | -0.4 | |
July | 105.0 | 1.1 | 0.1 | |
August | 104.5 | 0.3 | -0.5 | |
thereof: | ||||
Intermediate goods | 104.8 | -0.9 | -0.2 | |
Capital goods | 104.8 | 1.5 | 0.1 | |
Durable consumer goods | 105.5 | 1.3 | 0.1 | |
Non-durable consumer goods | 106.6 | 1.7 | 0.1 | |
Energy | 102.5 | -0.3 | -1.6 |
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.