Producer Prices in Germany

Germany Producer Prices | Economic News & Forecasts

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  

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Germany Producer Prices Chart

Germany PPI
Note: Annual variation of producer price index (PPI) in %.
Source: German Central Bank and FocusEconomics calculations.

Germany Facts

Value Change Date
Bond Yield-0.190.41 %Jan 01
Exchange Rate1.120.65 %Dec 31

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