In Germany, producer prices fell in July on an annual and monthly basis
Producer prices in Germany fell more than analysts’ expectations in July both year-on-year and month-on-month, the German Federal Statistical Office, Destatis, announced on Monday.
German producer prices fell by 6 percent in July compared to a year earlier, after the previous month’s annual price increase of 0.1 percent. Analysts expected a smaller, 5.1 percent decrease in producer prices for July.
Compared to the previous month, producer prices decreased by 1.1 percent in July, against the expected 0.2 percent decrease, after a 0.3 percent monthly price decrease was recorded in June.
The prices of non-durable consumer goods in July were 8.1 percent higher than in July 2022, there was no change compared to June this year. Food prices rose by 9.2 percent. The price of sugar increased particularly strongly, by 87.5 percent. Processed potatoes cost 32.2 percent and pork 32 percent more than last July. The price of processed and preserved fruit and vegetables went up by 18.5 percent, and the price of milk and cream by 0.1 percent compared to the previous year.
Only a few products were cheaper in July compared to last July, so the price of butter, for example, decreased by 30.4 percent and that of vegetable oils by 38.8 percent.
Related news
Vegdog Raises €9 Million To Expand Vegan Dog Food Business Across Europe
Munich-based vegan dog food producer Vegdog has secured €9 million…
Read more >KSH: Economic performance stagnated in the first quarter of 2025 compared to the first quarter of 2024
The volume of Hungary’s gross domestic product stagnated in the…
Read more >GKI analysis: Hungarian industrial production decreased further
The volume of Hungarian industrial production declined for the second…
Read more >Related news
The 2024 FMCG Retailer Ranking is out now
Everything remains the same: Lidl, SPAR and Tesco are the…
Read more >Szallas.hu: Lake Balaton is the most popular destination at Pentecost
A regional summary of bookings for the Pentecost long weekend…
Read more >The Hungarian food truck scene has found a new market
The Hungarian food truck scene is looking for a new…
Read more >