Producer Prices in Germany
Germany - Producer Prices
Inflation stable in February
In February, harmonized consumer prices in Germany rose 0.5% over the previous month. The result contrasts the 1.0% drop recorded in January and comes on the back of a broad-based increase in the price level, with almost all categories registered higher prices. Prices for food and non-alcoholic beverages, and health rose at a quicker pace in February, while prices for clothing and footwear, and recreation and culture increased at a rapid pace contrasting the prior month’s drop in price tags.
Harmonized inflation, meanwhile, was stable for the third month running at 1.7% in February. Annual average harmonized inflation was also stable, coming in at January’s 2.0% in February. Meanwhile, non-harmonized annual average inflation edged up from 1.7% in January to 1.8% in February.
With this month’s release, FocusEconomics changed its focus from the national, non-harmonized inflation to harmonized inflation. This has been done to better reflect the panel’s forecasts.
The FocusEconomics Consensus Forecasts panelists see HICP inflation averaging 1.7% in 2019, which is unchanged from last month’s forecast. For 2020, our panel sees average inflation at 1.7%. In December, the Central Bank expected HICP inflation of 1.4% in 2019 and 1.8% in 2020.
Germany - Producer Prices Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -0.5 | -1.7 | -2.3 | 1.0 | 2.3 |
Germany Producer Prices Chart
Source: German Central Bank and FocusEconomics calculations.
Germany Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.08 | 0.41 % | Mar 20 |
| Exchange Rate | 1.14 | 0.65 % | Mar 20 |
| Stock Market | 11,604 | -0.41 % | Mar 20 |
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Economic News
Germany: Downturn in the manufacturing sector intensifies in March
March 22, 2019
After back-to-back upticks in the composite Purchasing Managers’ Index (PMI), the headline figure dropped from 52.8 in February to 51.5 in March.
Germany: Inflation stable in February
March 14, 2019
In February, harmonized consumer prices in Germany rose 0.5% over the previous month.
Germany: Industrial production drops in January
March 11, 2019
Data on the industrial sector in Germany disappointed again with production dropping 0.8% month-on-month in January, swinging from December’s revised 0.8% expansion (previously reported: +0.4% month-on-month) and contrasting market expectations of a 0.5% increase.
Germany: Export growth comes in flat in January
March 11, 2019
Month-on-month export growth was flat in January, contrasting December’s revised 1.6% increase (previously reported: +1.5% month-on-month).
Germany: Consumer confidence expected to be stable in March
February 26, 2019
Consumer sentiment is expected to be stable at February’s 10.8 in March according to the GfK Group Consumer Climate index.
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