Producer Prices in Germany
Germany - Producer Prices
Harmonized inflation comes in at highest level since our records began
Harmonized inflation increased to 11.6% in October, above September’s 10.9%. October's reading marked the highest inflation rate since our current records began. The print was broad-based as nearly all components registered stronger price increases. Prices for transport, however, rose at a softer pace, while alcoholic beverages and tobacco increased at a steady pace. Prices for communication dropped.
The trend pointed up, with annual average harmonized inflation coming in at 7.9% in October (September: 7.3%). Meanwhile, consumer price inflation rose to 10.4% in October, from the previous month's 10.0%.
Finally, harmonized consumer prices rose 1.15% in October over the previous month, down from the 2.18% rise recorded in August.
FocusEconomics panelist expect harmonized inflation to average 8.1% in 2022 and 5.5% in 2023.
Germany - Producer Prices Data
|Inflation (PPI, annual variation in %)||-1.9||-1.6||2.7||2.6||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Germany Producer Prices Chart
Source: German Central Bank and FocusEconomics calculations.
|Bond Yield||-0.19||0.41 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 24, 2022
Business confidence rose to 86.3 in November from October's 84.5.
November 11, 2022
Harmonized inflation increased to 11.6% in October, above September’s 10.9%.
November 7, 2022
On a seasonally-adjusted monthly basis, industrial production increased 0.6% in September (August: -1.2% mom).
November 4, 2022
The S&P Global Composite Purchasing Managers' Index (PMI) dropped to 45.1 in October, down from September's 45.7.
November 2, 2022
Merchandise exports fell 0.5% over the prior month in September (August: +2.9% mom).