Allemagne - Changement des prix à la production

Germany's producer prices declined by 0.7 percent year-on-year in November 2019, the steepest decline since September 2016 and compared to market forecasts of a 0.6 percent drop, due to decreases in cost of energy (-3.4 percent vs -3.1 percent in October) and intermediate goods (-2.1 percent vs -1.7 percent). Meantime, prices rose for durable (1.3 percent vs 1.4 percent), non-durable (2.6 percent vs 2.3 percent) and capital goods (1.4 percent, the same as in October). Excluding energy, producer inflation slowed to 0.2 percent in November from 0.3 percent in October. On a monthly basis, producer prices were flat in November, compared with forecasts of a 0.1 percent rise.

Germany's producer prices declined by 0.6 percent year-on-year in October of 2019, compared to market estimates of a 0.4 percent drop and after a 0.1 percent fall in the previous month. This marked the steepest yearly decrease in producer prices since September 2016, as cost fell more for both energy (-3.1 percent vs -1.9 percent in September) and intermediate goods (-1.7 percent vs -1 percent). In contrast, inflation was unchanged for both durable (at 1.4 percent) and capital goods (at 1.5 percent), while prices of non-durable consumer goods went up faster (2.3 percent vs 1.8 percent). Excluding energy, producer inflation slowed to 0.3 percent in October from 0.5 percent in September. On a monthly basis, producer prices unexpectedly fell 0.2 percent in October, compared to forecasts of a flat reading and following a 0.1 percent gain in September.

Germany's producer prices fell by 0.1 percent year-on-year in September 2019, following a 0.3 percent gain in the previous month and compared to market estimates of a 0.3 percent decline. This marked the first yearly decrease in producer prices since October 2016, as cost went down further for energy (-1.9 percent vs -0.3 percent in August) and intermediate goods (-1 percent vs -0.9 percent). In contrast, prices advanced at a faster pace for both non-durable consumer goods (1.8 percent vs 1.7 percent) and durable (1.4 percent vs 1.3 percent); while inflation was steady for capital goods (at 1.5 percent). Excluding energy, producer inflation edged down to 0.5 percent in September from 0.6 percent in August. On a monthly basis, producer prices unexpectedly rose by 0.1 percent in September, beating forecasts of a 0.1 percent fall, and rebounding from a 0.5 percent decrease in the prior month.

Germany's producer price inflation fell sharply to 0.3 percent year-on-year in August 2019 from 1.1 percent in the previous month and missing market expectations of 0.6 percent. It was the lowest rate since November 2016, due to falls in cost of energy (-0.3 percent vs 2.1 percent in July) and intermediate goods (-0.9 percent vs -0.7 percent). Meanwhile, inflation was unchanged for non-durable consumer goods (at 1.7 percent), capital goods (1.5 percent), and durable consumer goods (at 1.3 percent). Excluding energy, producer inflation inched lower to 0.6 percent in August from 0.7 percent in July. On a monthly basis, producer prices declined by 0.5 percent in August, compared to forecasts of a 0.2 percent fall.

Germany's producer price inflation inched lower to 1.1 percent year-on-year in July 2019 from 1.2 percent in the previous month, slightly above market expectations of 1.0 percent. It was the lowest producer inflation since December 2016, as cost rose at a softer pace for energy (2.1 percent vs 2.2 percent in June), durable consumer goods (1.3 percent vs 1.4 percent) and non-durable consumer goods (1.7 percent vs 2.1 percent). In addition, intermediate goods prices declined further (-0.7 percent vs -0.2 percent) while capital goods inflation was flat at 1.5 percent. Excluding energy, producer inflation also fell to 0.7 percent in July from 0.9 percent in June. On a monthly basis, producer prices rose by 0.1 percent in July, beating estimates of a flat reading.

The German producer price inflation dropped to 1.2 percent year-on-year in June 2019 from 1.9 percent in the previous month and below market expectations of 1.4 percent. It was the lowest producer inflation since December 2016, as prices rose at a softer pace for both energy (2.2 percent vs 4.5 percent in May) and capital goods (1.5 percent vs 1.6 percent). In addition, prices of intermediate goods fell (-0.2 percent vs 0.5 percent). Meantime, inflation accelerated for non-durable consumer goods (2.1 percent vs 1.8 percent) while inflation was steady for durable consumer goods (at 1.4 percent). Excluding energy, producer inflation also edged lower to 0.9 percent in June from 1.1 percent in May. On a monthly basis, producer prices went down 0.4 percent in June, missing forecasts of a 0.2 percent decline.