Latest Updates

• Germany PPI: August 2025 2025-09-19 02:00

  

  Germany’s PPI fell -0.5% MoM in August 2025 and declined -2.2% YoY, extending the annual drop from -1.5% in July and reflecting continued weakness in energy and intermediate goods prices.

  • Energy prices fell -8.5% YoY and -1.0% MoM, with natural gas (-11.0% YoY), electricity (-10.8% YoY), and mineral oil products (-7.3% YoY) driving the decline.

  • Heating oil was down -7.5% YoY (-5.9% MoM), while motor fuel prices fell -2.5% YoY (-1.9% MoM).

  • Intermediate goods prices dropped -1.0% YoY (-0.4% MoM), led by basic chemicals (-2.2% YoY), prepared feeds (-2.4% YoY), and basic metals (-6.4% YoY).

  • Capital goods prices rose +1.8% YoY (+0.1% MoM), with machinery up +1.8% YoY and motor vehicles up +0.9% YoY.

  • Non-durable consumer goods gained +3.3% YoY, though edged down -0.1% MoM; food was +4.1% YoY, with coffee (+33.1% YoY) and beef (+36.6% YoY) seeing large increases.

  • Durable consumer goods rose +1.7% YoY (flat MoM), showing steady upward price momentum.

  • Excluding energy, PPI rose +0.8% YoY but still slipped -0.2% MoM, underscoring that annual weakness remains concentrated in energy categories.

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• Germany PPI: July 2025 2025-08-20 02:00

  

  Germany’s PPI fell -0.1% MoM in July 2025 and was down -1.5% YoY, deepening from the -1.3% YoY decline in June as energy and intermediate goods continued to weigh on prices.

  • Energy prices were -6.8% YoY (+0.1% MoM), with natural gas down -8.6% YoY and electricity down -7.8% YoY, reflecting persistent softness in energy costs.

  • Intermediate goods prices fell -0.9% YoY and -0.3% MoM, led by declines in basic chemicals (-2.6% YoY) and metals (-2.2% YoY).

  • By contrast, non-durable consumer goods rose +3.5% YoY (-0.2% MoM), driven by strong increases in food prices (+4.1% YoY), particularly coffee (+38.4% YoY) and beef (+38.0% YoY).

  • Capital goods and durable consumer goods rose 1.8% YoY and 1.9% YoY, respectively, indicating ongoing pricing strength in machinery and manufactured goods.

  • Excluding energy, PPI increased +1.0% YoY but declined -0.2% MoM, suggesting that most of the annual weakness is still concentrated in energy-related categories.

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• Germany PPI: June 2025 2025-07-18 02:00
  

  Germany’s PPI rose 0.1% MoM (vs 0.0% MoM expected) in June 2025 but declined -1.3% YoY, marking a slightly deeper annual drop than May’s -1.2% YoY, mainly due to lower energy and intermediate goods prices.

  • Excluding energy, PPI rose 0.1% MoM and 1.3% YoY.
  • Energy prices fell -6.4% YoY (+0.3% MoM), driven by electricity (-8.8% YoY), natural gas (-6.9% YoY), and mineral oil products (-7.7% YoY).
  • Non-durable consumer goods rose 0.4% MoM and 3.6% YoY; food prices rose 0.6% MoM and 4.4% YoY, led by coffee (+41.2% YoY), beef (+37.5% YoY), and butter (+18.2% YoY).
  • Capital goods prices were flat MoM and up 1.7% YoY; durable consumer goods rose 0.2% MoM and 1.7% YoY.
  • Intermediate goods fell -0.2% MoM and -0.4% YoY, with basic chemicals (-2.6% YoY), metals (-1.6% YoY), and steel (-6.2% YoY) leading the declines.

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• Germany PPI: May 2025 2025-06-20 02:00
  

  Germany’s PPI fell -0.2% MoM (vs -0.3% MoM expected) and -1.2% YoY in May 2025, marking a deeper annual decline than April’s -0.9% YoY, driven mainly by lower energy and intermediate goods prices.

  • Excluding energy, PPI was flat MoM and rose 1.3% YoY.
  • Energy prices fell -0.9% MoM and -6.7% YoY, led by electricity (-8.1% YoY), natural gas (-7.1% YoY), and mineral oil products (-9.6% YoY).
  • Non-durable consumer goods rose 0.5% MoM and 3.6% YoY, with sharp annual increases in coffee (+41.2%), beef (+35.7%), and butter (+21.6%).
  • Capital goods prices increased 0.1% MoM and 1.9% YoY; durable goods rose 0.2% MoM and 1.6% YoY.
  • Intermediate goods declined -0.2% MoM and -0.2% YoY, with notable drops in metals (-1.3% YoY) and basic chemicals (-2.4% YoY).

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• Germany PPI: April 2025 2025-05-20 02:00
  

  Germany’s PPI fell -0.6% MoM and -0.9% YoY in April, a larger decline than March's -0.2% YoY figure, driven by sharply lower energy prices.

  • Excluding energy, PPI was up 0.4% MoM and 1.5% YoY.
  • Energy prices fell -2.9% MoM and -6.4% YoY, with natural gas down -3.6% MoM and -6.2% YoY; electricity prices dropped -3.3% MoM and -7.5% YoY.
  • Non-durable consumer goods prices rose 0.9% MoM and 3.2% YoY, led by food (+1.3% MoM, +3.8% YoY), with standout increases in coffee (+8.1% MoM, +43.3% YoY) and beef (+3.4% MoM, +30.4% YoY).
  • Capital goods prices rose 0.3% MoM and 2.0% YoY, while intermediate goods were up 0.2% MoM and 0.3% YoY.
  • Durable consumer goods prices increased 0.2% MoM and 1.4% YoY.

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• Germany PPI: March 2025 2025-04-17 02:00
  

  Germany’s PPI fell -0.7% MoM and -0.2% YoY in March, a big miss below expectations of a -0.1% MoM drop and a 0.4% YoY increase.

  • When excluding energy, PPI was up 0.2% MoM and 1.4% YoY.
  • Energy prices were down -2.8% MoM and -3.6% YoY and were the main reason for the larger-than-expected decline.
  • Capital goods prices were up 0.1% MoM and 1.9% YoY, and intermediate goods prices were up 0.3% MoM and 0.5% YoY.
  • Within consumer goods prices, non-durables were up 0.3% MoM and 2.6% YoY, and durables were up 0.2% MoM and 1.3% YoY.

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• Germany PPI: February 2025 2025-03-20 02:00
  

  Germany’s PPI fell -0.2% MoM (vs 0.1% MoM expected) and was up 0.7% YoY (vs 1.0% YoY expected) in February, up slightly from 0.5% YoY in January.

  • Energy prices fell -1.0% MoM and -0.8% YoY with natural gas prices down -2.0% MoM.
  • PPI (ex-energy) was up 0.3% MoM and 1.4% YoY, an acceleration from 1.2% YoY in January and the highest since July 2023.
  • Capital goods prices were up 0.3% MoM, and durable goods prices increased 0.2% MoM.
  • Consumer non-durable goods increased 0.1% MoM, and intermediate goods PPI growth was the strongest at 0.4% MoM.

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• Germany PPI: January 2025 2025-02-20 02:00
  

  Germany’s PPI fell -0.1% MoM (vs 0.6% MoM expected) and was up 0.5% YoY (vs 1.3% YoY expected) in January, down from 0.8% YoY in December.

  • Excluding energy, PPI was up 1.2% YoY, unchanged from the previous reading.
  • Energy prices fell -0.9% MoM and -1.0% YoY and continued to be a major downward force on producer costs.
  • Non-durable consumer goods prices were up 0.5% MoM and 3.0% YoY with food prices up 3.5% YoY.
  • Durable consumer goods prices were up 0.4% MoM and 1.1% YoY, and capital goods prices were up 0.8% MoM and 1.9% YoY.
  • The only goods category to see a decline in prices was intermediate goods, unchanged MoM and down -0.1% YoY.

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• Germany PPI: December 2024 2025-01-20 02:00
  

  Germany’s PPI fell -0.1% MoM and was up 0.8% YoY in December, missing expectations of an 0.3% MoM increase and a higher annual rate of 1.1% YoY. PPI (ex-energy) was up 1.2% YoY, down from 1.3% YoY.

  • Energy prices fell -0.4% MoM including electricity prices down -1.6% MoM.
  • Capital goods prices were flat over the month, and durable goods prices were up just 0.1% MoM.
  • Non-durables saw the largest increases at 0.2% MoM as several food costs increased: butter (+2.1% MoM), confectionary (+0.6% MoM), and beef (+1.7% MoM).
  • In 2024, PPI was down -1.8% compared to 2023. This was mainly caused by the fall in energy prices over the year by -6.3%. When energy prices are excluded, producer prices in 2024 increased by 0.3% on a year earlier.

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