In August 2017 the index of producer prices for industrial products rose by 2.6% compared with the corresponding month of the preceding year. In July 2017 the annual rate of change all over had been 2.3%, as reported by the Federal Statistical Office.

Compared with the preceding month July 2017 the overall index rose by 0.2% in August 2017 (+0.2% in July and unchanged in June).

In August 2017 the price indices of all main industrial groups increased compared with August 2016: Prices of non-durable consumer goods rose by 3.6%, prices of intermediate goods by 3.3%. Energy prices rose by 2.7%, though the development of prices of the different energy carriers diverged. Prices of electricity increased by 5.8% and prices of petroleum products by 5.1%, whereas prices of natural gas (distribution) decreased by 6.4%. Prices of durable consumer goods and prices of capital goods increased each by 1.0%.

The overall index disregarding energy was 2.6% up on August 2016 and rose by 0.1% compared with July 2017.