According to the report from the Federal Statistical Office (Destatis), in September 2020, the index of producer prices for industrial products decreased by 1.0% compared with the corresponding month of the preceding year. Economists had expected a 1.4% decrease. In August the annual rate of change all over had been –1.2%/ Compared with the preceding month August the overall index increased by 0.4% in September 2020 (unchanged in August). Economists had expected a 0.1% decrease.
Energy prices as a whole decreased by 3.3%. On an annual basis, prices of petroleum products were down 17.9%, prices of natural gas (distribution) decreased by 8.2%.
The overall index disregarding energy was 0.2% down in September 2019.
Prices of intermediate goods decreased by 1.3% compared to September 2019. Prices of non-durable consumer goods decreased by 0.1% compared to September 2019. Prices of capital goods increased by 0.9% compared to September 2019, durable consumer goods by 1.4%.
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