German Producer Price Inflation Accelerates In January
Germany’s producer prices rose for a second month in a row and at a faster pace in January, figures from Destatis showed Friday. Producer prices increased 0.9 percent year-on-year after a 0.2 percent rise in December.
Economists had expected 0.3 percent inflation. Compared to the previous month, producer prices rose 1.4 percent in January after a 0.8 percent increase in December. Economists had forecast an increase of 0.8 percent. Intermediate goods prices rose at a faster pace of 2.4 percent annually, driven by double-digit increases in prices of secondary raw material and animal feed. The rate of growth in metal prices accelerated to 4.5 percent.
Prices of fertilizers and paper products decreased. Prices of durable consumer goods increased 1.5 percent and those of capital goods grew 0.7 percent. Non-durable consumer goods prices decreased 1.8 percent and food prices fell 3.3 percent.
Energy prices rose 0.7 percent annually and 2.7 percent from the previous month, which was partly due to the national CO2-pricing that has been introduced in January 2021.
Excluding energy, producer prices rose 0.9 percent from a year ago.
Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >