According to the report from Federal Statistical Office, the Producer and Import Price Index remained unchanged in January 2020 compared with the previous month. The index stood at 100.7 points (December 2015 = 100). Petroleum products in particular saw higher prices, while pharmaceutical preparations became cheaper.

Compared with January 2019, the price level of the whole range of domestic and imported products fell by 1.0%.

In particular, higher prices for scrap, petroleum products and watches were responsible for the growth in the Producer Price Index compared with the previous month. By contrast, meat, gas and electricity became cheaper.

The Import Price Index registered lower prices compared with December 2019, particularly for pharmaceutical preparations. Price decreases were also seen for petroleum and natural gas, non-ferrous metals and products made therefrom, communication equipment and other fabricated metal products. By contrast, price increases were seen in particular for petroleum products. Vegetables and potatoes also became more expensive.