According to the report from Federal Statistical Office (Destatis), in January 2019 the index of producer prices for industrial products rose by 2.6% compared with the corresponding month of the preceding year. Economists had expected a 2.2% increase. In December 2018 the annual rate of change all over had been 2.7%.

Compared with the preceding month December 2018 the overall index increased by 0.4% in January 2019 (-0.4% in December 2018 and +0.1% in November 2018). Economists had expected a 0.2% decrease.

In January 2019 the price indices of all main industrial groups increased compared with January 2018: Energy prices rose by 7.2% (+0.6% compared with December 2018). Prices of durable consumer goods as well as prices of capital goods were up 1.6%.  Prices of intermediate goods increased by 1.2% and of non-durable consumer goods by 0.6%.

The overall index disregarding energy was 1.2% up on January 2018 and 0.2% up compared with December 2018.