Germany: Producer prices in September 2017 rise 3.1% (YoY)

Eren Sengezer FXStreet

"In September 2017 the index of producer prices for industrial products rose by 3.1% compared with the corresponding month of the preceding year. In August 2017 the annual rate of change all over had been 2.6%," the Statistisches Bundesamt Deutschland announced on Friday.

Key highlights:

Compared with the preceding month August 2017 the overall index rose by 0.3% in September 2017 (+0.2% in August and in July).
In September 2017 the price indices of all main industrial groups increased compared with September 2016: Prices of non-durable consumer goods rose by 3.4%, prices of intermediate goods by 3.6%.
Energy prices rose by 4.6%, though the development of prices of the different energy carriers diverged.
Prices of electricity increased by 8.9% and prices of petroleum products by 7.5%, whereas prices of natural gas (distribution) decreased by 4.6%. Prices of durable consumer goods and prices of capital goods increased each by 1.1%.
The overall index disregarding energy was 2.6% up on September 2016 and rose by 0.1% compared with August 2017.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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