Germany's producer prices up 0.5% in January

By Gokhan Ergocun

ISTANBUL (AA) — Producer prices rose 0.5% in Germany in January on a yearly basis, the country's statistical authority Destatis said on Thursday.

In December 2024, the year-on-year change rate was at 0.8%, Destatis said, adding that prices dropped 0.1% on a monthly basis.

In January, rising producer prices were driven by non-durable consumer goods, up 3% during the month.

"Capital goods and durable consumer goods were also more expensive than in the same month of the previous year, while energy and intermediate goods were less expensive," Destatis said.

When energy prices are excluded, producer prices in January rose 1.2% on the same month of the previous year and 0.3% compared with December 2024, it added.

Energy prices in January 2025 dropped by 1% from the same month a year earlier in the country and prices of intermediate goods were 0.1% lower.