According to the report from Federal Statistical Office (Destatis), in October 2019 the index of producer prices for industrial products decreased by 0.6% compared with the corresponding month of the preceding year. Economists had expected a 0.4% decrease. In September 2019 the annual rate of change all over had been -0.1%. Compared with the preceding month September 2019 the overall index fell by 0.2% in October 2019 (+0.1% in September 2019).

Energy prices as a whole decreased by 3.1% (-0.1% compared to September 2019). On an annual basis prices of petroleum products decreased by 10.1% and prices of natural gas (distribution) by 8.8% whereas prices of electricity rose by 3.4%.

The overall index disregarding energy was 0.3% up on October 2018 and decreased by 0.2% compared to September 2019.

Prices of intermediate goods decreased by 1.7% compared to October 2018. This was the greatest price decline on an annual basis since July 2016 (-2.1% on July 2015). Compared with September 2019 prices of intermediate goods fell by 0.7% in October 2019. 

Prices of durable consumer goods were up 1.4%, prices of capital goods increased by 1.5%. Prices of non-durable consumer goods increased by 2.3% compared to October 2018 (+0.2% on September 2019). Food prices were up 3.0%.