The producer prices of industrial products were 1.1% lower in October 2024 than in October 2023. In September 2024, the year-on-year change rate stood at -1.4%. The Federal Statistical Office (Destatis) also reports that producer prices in October 2024 were up 0.2% on September 2024. Energy prices in October 2024 were 5.6% lower than in October 2023. Compared with September 2024, however, energy prices rose by 0.6%.
In October 2024, lower energy prices continued to be the main reason for the year-on-year decline in producer prices, while higher prices had to be paid for capital, consumer and intermediate goods.

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