In October this year, the YoY change rate stood at minus 1.1 per cent.
Higher capital goods prices were the main reason for the YoY rise in producer prices in November. Non-durable consumer goods, durable consumer goods and intermediate goods were also more expensive than in the same month of the previous year, while energy was less expensive.
The producer prices of industrial products in Germany were 0.1 per cent higher YoY and 0.5 per cent higher month on month (MoM) in November.
This was the first YoY increase recorded since June 2023.
Higher capital goods prices were the main reason for the YoY rise.
When energy prices are excluded, producer prices in November were up by 1.3 per cent YoY and down by 0.1 per cent MoM.
When energy prices are excluded, producer prices in November were up by 1.3 per cent YoY and were down by 0.1 per cent MoM, a Destatis release said.
Capital goods prices in November were 1.9 per cent higher YoY and unchanged MoM. Machinery cost 2 per cent more YoY.
In November this year, non-durable consumer goods were 2.4 per cent more expensive YoY and 0.4 per cent more MoM.
Durable consumer goods cost 0.9 per cent more YoY in the month and remained unchanged MoM.
Intermediate goods prices were 0.4 per cent higher YoY and lower by 0.3 per cent MoM in in November.
Energy prices in November this year were 2.4 per cent lower YoY and 1.8 per cent higher MoM.
Fibre2Fashion News Desk (DS)
