Producer Prices Rise 15.8% on February 2023 in Germany

22 March 2023

As reported by the Federal Statistical Office (Destatis) referring to preliminary results, the index of producer prices for industrial products increased by 15.8% compared to February 2022. In January 2023 the increase had been 17.6%. Compared with the preceding month January 2023 the overall index decreased by 0.3% in February 2023. Energy prices as a whole were up 27.6% compared to February 2022. Compared with the previous month January 2023 energy prices fell by 1.4%. Natural gas prices (distribution) were up 38.9% on February 2022. Natural gas prices were down 4.2% compared to the previous month January. The overall index disregarding energy was 10.2% up on February 2022 (+0.5% compared to January 2023).

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