Germany’s industrial producer prices down three percent in February

In February this year, the index of producer prices for industrial products in Germany fell by three percent compared to the same month of 2015 and was down by 0.5 percent compared to January, according to the country’s Federal Statistical Office (Destatis). In January this year, Germany’s industrial producer prices had decreased by 2.4 percent year on year.
In February, prices in the energy sector decreased by 9.4 percent, while prices of non-durable consumer goods rose by 0.2 percent and prices of intermediate goods fell by 2.2 percent, all year on year. Meanwhile, in the month in question, the prices of capital goods and durable consumer goods rose by 0.7 percent and 1.4 percent respectively, both compared to February 2015.

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