Press release No. 445 of 20 November 2019
Producer prices of industrial products, October 2019
-0.2% on the previous month
-0.6% on the same month a year earlier
WIESBADEN – In October 2019 the index of producer prices for industrial products decreased by 0.6% compared with the corresponding month of the preceding year. In September 2019 the annual rate of change all over had been -0.1%, as reported by the Federal Statistical Office (Destatis). Compared with the preceding month September 2019 the overall index fell by 0.2% in October 2019 (+0.1% in September 2019).
Energy prices as a whole decreased by 3.1% (-0.1% compared to September 2019). On an annual basis prices of petroleum products decreased by 10.1% and prices of natural gas (distribution) by 8.8% whereas prices of electricity rose by 3.4%.
The overall index disregarding energy was 0.3% up on October 2018 and decreased by 0.2% compared to September 2019.
Prices of intermediate goods decreased by 1.7% compared to October 2018. This was the greatest price decline on an annual basis since July 2016 (-2.1% on July 2015). Compared with September 2019 prices of intermediate goods fell by 0.7% in October 2019. Prices decreased especially regarding metallic secondary raw materials (-23.0%) and electronic integrated circuits (-13.1%). Prices of metals fell by 3.5%, where especially prices of basic iron, steel and ferro-alloys fell (-7.2%). In contrast prices of precious metals increased by 25.0% compared to October 2018.
Prices of durable consumer goods were up 1.4%, prices of capital goods increased by 1.5%.
Prices of non-durable consumer goods increased by 2.3% compared to October 2018 (+0.2% on September 2019). Food prices were up 3.0%. Particularly high was the increase of prices of meat of swine (+25.0%). Sugar was up 5.5%. By contrast prices of butter fell by 26.3% compared to October 2018 though prices rose by 5.4% compared to the preceding month September 2019.
| Year / month | 2015 = 100 | Change in % compared with | ||
|---|---|---|---|---|
| corresponding month of preceding year | preceding month | |||
| 2018 | 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 | |
| September | 104.6 | -0.1 | 0.1 | |
| October | 104.4 | -0.6 | -0.2 | |
| thereof: | ||||
| Intermediate goods | 103.8 | -1.7 | -0.7 | |
| Capital goods | 104.9 | 1.5 | 0.1 | |
| Durable consumer goods | 105.7 | 1.4 | 0.1 | |
| Non-durable consumer goods | 107.0 | 2.3 | 0.2 | |
| Energy | 102.8 | -3.1 | -0.1 | |
More detailed data and long time series are available in table Producer price indices for industrial products (61241-0006) in the GENESIS-Online database.
