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20.05.2019 14:19

Germany producer price index rose more than expected in April

According to the report from Federal Statistical Office (Destatis). in April 2019 the index of producer prices for industrial products rose by 2.5% compared with the corresponding month of the preceding year. Economists had expected a 2.4% increase. In March 2019 the annual rate of change all over had been 2.4%.

Compared with the preceding month March 2019 the overall index increased by 0.5% in April 2019 (-0.1% in March 2019). Economists had expected a 0.3% increase

In April 2019 the price indices of all main industrial groups increased compared with April 2018. Energy prices, the development of which had the greatest impact on the growth of the overall index, rose by 6.6% (+1.0% compared to March 2019). On an annual basis electricity prices increased by 10.8%, prices of natural gas (distribution) by 6.1% and prices of petroleum products by 5.8%.

The overall index disregarding energy was 1.3% up on April 2018 and 0.3% up compared with March 2019.


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