In January this year, the index of producer prices for industrial products in Germany increased by 2.4 percent compared to the same month of 2016 and was up 0.7 percent compared to December, according to the country's Federal Statistical Office (Destatis). In December last year, Germany's industrial producer prices had increased by one percent year on year.
In January, prices in the energy sector increased by four percent, while prices of non-durable consumer goods were up by 2.2 percent and prices of intermediate goods rose by 2.4 percent, all year on year. Meanwhile, in the month in question, the prices of capital goods and durable consumer goods rose by 0.9 percent and one percent respectively, both compared to January 2016.