According to the report from Federal Statistical Office, in November 2019 the index of producer prices for industrial products decreased by 0.7% compared with the corresponding month of the preceding year. Economists had expected a 0.6% decrease. In October 2019 the annual rate of change all over had been -0.6%. Compared with the preceding month October 2019 the overall index remained unchanged in November 2019 (-0.2% in October 2019).

Energy prices as a whole decreased by 3.4% (+0.2% compared to October 2019). On an annual basis prices of petroleum products decreased by 12.2% and prices of natural gas (distribution) by 7.1% whereas prices of electricity rose by 2.2%.

The overall index disregarding energy was 0.2% up on November 2018 and decreased slightly by 0.1% compared to October 2019.

Prices of intermediate goods decreased by 2.1% compared to November 2018. Compared with October 2019 prices of intermediate goods fell by 0.3% in November 2019. Prices of durable consumer goods were up 1.3%, prices of capital goods increased by 1.4%. Prices of non-durable consumer goods increased by 2.6% compared to November 2018 (+0.2% on October 2019). Food prices were up 3.5% on November 2018.