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MIL OSI Translation. Region: Germany / Germany –

Source: Destatis-Federal Statistical Office

Press release no 219 of 19. June 2020

Producer prices of industrial products may 2020-0,4 % month-on-month and 2.2 % year-on-year month

WIESBADEN – The Producer prices industrial products in may 2020 is 2.2% lower than in may 2019. As the Federal Statistical office (Destatis) further reports, was the annual rate of change in April 2020 -1.9%. Compared to the previous month, producer prices fell in may 2020 of 0.4 %.

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Main responsible for the decline in industrial producer prices in may 2019 to April 2020, the price development of energy. Energy prices were 7.9 percent lower than in may 2019, and 1.2 % lower than in April 2020.

The prices for mineral oil products declined compared to may 2019 significantly by 27.5 %. Compared to the previous month, prices declined by 3.1%. A large part of this price development is likely to be the result of a lower demand given the current Corona pandemic. Natural gas in the distribution was 13,4 % cheaper than in may 2019.

Without considering energy, producer prices were 0.3% lower than in may 2019. Compared to April 2020 fell by 0.2 %.

Eye-catching price developments were there in may for aviation turbine fuels, these were 68,3 % cheaper than in may 2019 and 41.8 % less than in April 2020. The prices for secondary raw materials from waste paper and Altpappe after the sharp Price declines in 2019 and early 2020, only 10.5 % below the same month last year, compared with the April 2020 rose by 47 %.

Special price developments for energy in may 2020

Change in %
May 2020 compared to
May 2019
April 2020
Petroleum products
-27,5
-3,1
including:
Light Fuel Oil
-47,1
-7,4
LPG as a fuel
-42,7
19,6
Petroleum Bitumen
-41,8
-6,8
Fuels
-22,8
-1,3
Natural Gas (Distribution)
To -13.4
-2,8
including:
for the industry
-25,8
-3,6
for Resellers
Or -16.2
-4,1
of trade and industry
-1,9
-0,2
Electric Power
-1,2
0,3
including:
Stock market prices for electricity
-34,5
-2,1
for special contract customers
-5,5
-0,2
for more distributor
-4,0
0,7
for commercial installations
6,2
1,3

Intermediate goods were in may 2020, with a 2.6 % cheaper than in may 2019. Compared to the previous month of April 2020, these prices fell by 0.1 %. Cheaper than a year earlier, primarily pig iron, steel and ferro-alloys (-9,6 %) and paper and cardboard (-5.8 %). Basic chemicals cost, or 8.2 % less, grain flour was 3.5 % cheaper. In contrast, precious metals and semi-finished goods thereof, a 25.6 % more expensive than in may 2019. Products from concrete, cement and plaster cost 3.7% more than in the previous year.

Consumer goods were in may 2020 1.3% more expensive than in may 2019. Compared to the previous month of April 2020, these prices fell by 1.1%. Food was 1.5 % more expensive than in the same month last year. Sugar cost 17.5% more than a year ago. Processed meat was 14,1 % more expensive than in the same month last year. In contrast, fresh or chilled pig meat was 7.2 % lower than in may 2019, alone, to April 2020, the prices fell by 12.5 %. Cheaper than the one in may 2019 and Butter with a decline of 25.2 % (-12.2% over April 2020) and potato products 8.6 per cent were.

Index of producer prices of industrial products (domestic sales)
Year / Month
2015 = 100
Change in % compared to
Year-on-year month
Month-on-month

Two thousand nineteen

May
105,3
1,9
-0,1
June
104,9
1,2
-0,4
July
105,0
1,1
0,1
August
104,5
0,3
-0,5
September
104,6
-0,1
0,1
October
104,4
-0,6
-0,2
November
104,4
-0,7
0,0
December
104,5
-0,2
0,1

Two thousand twenty

January
105,3
0,2
0,8
February
104,9
-0,1
-0,4
March
104,1
-0,8
-0,8
April
103,4
-1,9
-0,7
May
103,0
-2,2
-0,4
of which:
Intermediate goods
102,9
-2,6
-0,1
Capital goods
105,7
1,1
0,0
Consumer goods
106,9
1,5
0,0
Consumer goods
107,6
1,3
-1,1
Energy
96,7
-7,9
-1,2

Methodological notes:the Index measures the development of prices in the mining, Manufacturing as well as in the energy and water industry in Germany produced and domestically sold products. He thus represents the price changes in the early stages of the economic process. Survey closing date is the 15. of the reporting month.

Further, all current results also contains the technical series 17, series 2 “Producer price index of industrial products“. Long time series can be used on the table Producer prices of industrial products (61241-0006) in the GENESIS-Online database are related.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure need be perfect.

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