Producer prices for industrial products (based on domestic sales) in Germany sank by 1.1 percent in October 2024 compared to October 2023, according to preliminary figures. However compared to September 2024, prices increased slightly by 0.2 percent.
Development of producer prices for industrial products (domestic sales) in Germany from August 2023 to October 2024
Characteristic
Change on previous year's month
Change on previous month
Oct 24
-1.1%
0.2%
Sep 24
-1.4%
-0.5%
Aug 24
-0.8%
0.2%
Jul 24
-0.8%
0.2%
Jun 24
-1.6%
0.2%
Mai 24
-2.2%
0%
Apr 24
-3.3%
0.2%
Mar 24
-2.9%
0.2%
Feb 24
-4.1%
-0.4%
Jan 24
-4.4%
0.2%
Dec 23
-5.1%
-0.8%
Nov 23
-5%
-0.6%
Oct 23
-7.3%
-0.2%
Created with Highcharts 7.2.2Price change compared to previous year/month-7.3%-7.3%-5%-5%-5.1%-5.1%-4.4%-4.4%-4.1%-4.1%-2.9%-2.9%-3.3%-3.3%-2.2%-2.2%-1.6%-1.6%-0.8%-0.8%-0.8%-0.8%-1.4%-1.4%-1.1%-1.1%-0.2%-0.2%-0.6%-0.6%-0.8%-0.8%0.2%0.2%-0.4%-0.4%0.2%0.2%0.2%0.2%0%0%0.2%0.2%0.2%0.2%0.2%0.2%-0.5%-0.5%0.2%0.2%Change on previous year's monthChange on previous monthOct 23Nov 23Dec 23Jan 24Feb 24Mar 24Apr 24Mai 24Jun 24Jul 24Aug 24Sep 24Oct 24
-8%-6%-4%-2%0%2%
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In the reporting month of January 2024, the producer price index for industrial products was converted to the new base year 2021, with all values from January 2021 being recalculated. This resulted in differences between the old rates of change (base year 2015) and the new rates of change. According to Destatis, the main reason for the difference is the changed weighting proportions within the energy sector in the new weighting scheme.
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Statistisches Bundesamt. (November 20, 2024). Development of producer prices for industrial products (domestic sales) in Germany from August 2023 to October 2024 [Graph]. In Statista. Retrieved February 04, 2025, from https://www.statista.com/statistics/1322179/producer-price-change-industrial-products-germany/
Statistisches Bundesamt. "Development of producer prices for industrial products (domestic sales) in Germany from August 2023 to October 2024." Chart. November 20, 2024. Statista. Accessed February 04, 2025. https://www.statista.com/statistics/1322179/producer-price-change-industrial-products-germany/
Statistisches Bundesamt. (2024). Development of producer prices for industrial products (domestic sales) in Germany from August 2023 to October 2024. Statista. Statista Inc.. Accessed: February 04, 2025. https://www.statista.com/statistics/1322179/producer-price-change-industrial-products-germany/
Statistisches Bundesamt. "Development of Producer Prices for Industrial Products (Domestic Sales) in Germany from August 2023 to October 2024." Statista, Statista Inc., 20 Nov 2024, https://www.statista.com/statistics/1322179/producer-price-change-industrial-products-germany/
Statistisches Bundesamt, Development of producer prices for industrial products (domestic sales) in Germany from August 2023 to October 2024 Statista, https://www.statista.com/statistics/1322179/producer-price-change-industrial-products-germany/ (last visited February 04, 2025)
Development of producer prices for industrial products (domestic sales) in Germany from August 2023 to October 2024 [Graph], Statistisches Bundesamt, November 20, 2024. [Online]. Available: https://www.statista.com/statistics/1322179/producer-price-change-industrial-products-germany/
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