German producer prices rise sequentially in September

Germany’s producer prices rose in September on sequential terms as well as on year-on-year basis. The index of producer prices for industrial productions were up 3.1 percent year-on-year and 0.3 percent sequentially, showed the Federal Statistics Office. The year-on-year print for the month of August was 2.6 percent, whereas the month-on-month print was 0.2 percent.

The price indices of all main industrial groups rose on an annual basis. Prices of non-durable consumer goods were up 3.4 percent, whereas prices of intermediate goods rose 3.6 percent. Energy prices grew 4.6 percent, though the development of prices of different energy carriers diverged. Prices of electricity rose 8.9 percent, whereas prices of petroleum products rose 7.5 percent. Prices of durable consumer goods and prices of capital goods rose 1.1 percent each.

Excluding energy, the producer price index rose 2.6 percent year-on-year and 0.1 percent on sequential basis.

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