German producer prices rise by less than forecast
By Abigail Townsend
Date: Thursday 20 Mar 2025
(Sharecast News) - Producer prices across Germany rose by less than expected in February, official data showed on Thursday.
According to Destatis, the Federal Statistical Office, producer prices of industrial producers were 0.7% higher year-on-year in February.
That was higher than January's 0.5% rise, but below the 1% increase analysts had been expecting.
Month-on-month, prices fell 0.2%, also below forecasts for a 0.1% uptick.
Driving the year-on-year rise were higher capital goods prices, which grew 2.0% in February.
Non-durable consumer goods were also more expensive, up 3%, while durable consumer goods rose 1.2% and intermediate goods pushed up 0.3%. However, energy prices fell 0.8%, or by 1% month-on-month.
Lower prices for natural gas (distribution) had the biggest influence on the year-on-year rate change for energy, Destatis noted.
National gas prices fell 2.7%, while mineral oil product prices were 1.7% lower.
In contrast, electricity cost 1% more than in February 2024.
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