Producer Prices in Germany
Germany - Producer Prices
Harmonized inflation increases in July
Harmonized consumer prices increased 0.85% in July over the previous month, swinging from June's 0.17% fall. The print came on the back of a notable increase in the prices for food and non-alcoholic beverages, recreation and culture amid the summer holiday season, and gas. On the other hand, transport prices dropped over the month thanks to government efforts: A fuel discount saw a marked drop in motor fuels prices.
Harmonized inflation ticked up to 8.5% in July, following June’s 8.2%. Harmonized inflation continued to be driven by higher prices for energy. Annual average harmonized inflation rose to 6.3% in July (June: 5.8%).
FocusEconomics panelists project average inflation of 7.4% in 2022, which is up 0.7 percentage points from last month’s forecast, and 3.7% in 2023.
Germany - Producer Prices Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -1.9 | -1.6 | 2.7 | 2.6 | 1.1 |
Germany Producer Prices Chart
Source: German Central Bank and FocusEconomics calculations.
Germany Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.19 | 0.41 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Germany: Harmonized inflation increases in July
August 10, 2022
Harmonized consumer prices increased 0.85% in July over the previous month, swinging from June's 0.17% fall.
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Germany: Industrial production rebounds in June
August 5, 2022
On a seasonally-adjusted monthly basis, industrial production rose 0.4% in June (May: -0.1% mom).
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Germany: Merchandise exports accelerate in June
August 3, 2022
Merchandise exports jumped 4.5% month on month in June, following May’s 1.3% rise.
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Germany: Consumer sentiment expected to drop to all-time low in August
July 28, 2022
The GfK consumer climate index is forecast to drop from minus 27.7 in July to an all-time low of minus 30.6 in August. The expected deterioration in sentiment came on the back of backward-looking data for July, which is released simultaneously and underpins the August expectation.
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Germany: Harmonized inflation accelerates in July
July 28, 2022
Harmonized consumer prices rose 0.08% from the previous month in July, contrasting the 0.17% drop recorded in June.
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