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Producer prices in February 2017: +3.1% on February 2016

2017-03-20 08:16:30

WIESBADEN - In February 2017 the index of producer prices for industrial products rose by 3.1% compared with the corresponding month of the preceding year. This was the highest annual rate of change since December 2011 ( 3.5%). In January 2017 the annual rate of change all over had been 2.4%.

In February 2017 the price indices of all main industrial groups rose compared with February 2016: Energy prices increased by 5.4%, though prices of the different energy carriers diverged. Prices of petroleum products increased by 22.7%, whereas prices of natural gas (distribution) decreased by 7.5%. Prices of intermediate goods rose by 3.3%, prices of non-durable consumer goods by 2.3%. Prices of durable consumer goods increased by 1.1% and prices of capital goods by 0.9%.

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Kategorie: Federal Statistical Office of Germany News