The producer prices of industrial products were 4.1% lower in February 2024 than in February 2023. In January, the year-on-year change rate was -4.4%. The Federal Statistical Office (Destatis) also reports that producer prices in February 2024 dropped by 0.4% from January 2024.

In February 2024, lower energy prices continued to be the main reason for the year-on-year decline in producer prices. Intermediate goods were also less expensive than in February 2023, whereas consumer and capital goods were more expensive.

Source: Destatis
Post by: Republic of Türkiye Ministry of Trade