2017 Economic Calendar
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Germany : PPI  
Released On 1/20/2017 2:00:00 AM For Dec, 2016
PriorConsensusActual
Month over Month0.3 %0.4 %0.4 %
Year over Year0.1 %1.0 %1.0 %

Highlights
Producer prices (ex-construction) moved in line with expectations in December. A 0.4 percent monthly rise was the third increase in a row and lifted annual PPI inflation from 0.1 percent in November to 1.0 percent, its highest mark since January 2013.

Headline prices were boosted by a 0.5 percent monthly spurt in energy charges but consumer goods matched this gain and basics advanced 0.4 percent. With capital goods unchanged, the core PPI increased 0.3 percent versus November and was 1.2 percent higher on the year, up from 0.8 percent last time.

Annual PPI inflation is still running below its CPI counterpart (1.7 percent) but today's data provide further evidence of increasing pressure on capacity in German industry. Indeed, the rising trend in both the underlying measures warns that without a slowdown in economic activity, future inflation developments in Germany could pose problems for the ECB's price stability goals before 2017 is finished.

Definition
The Producer Price Index (PPI) measures the price of industrial and commercial goods produced and sold domestically (excluding turnover tax). About 1,250 types of goods are used to calculate the index and prices are reported by a total of 5,000 enterprises under fixed contractual conditions. Changes in the index provide a guide to inflation from the point of view of the product's producer/manufacturer and, in contrast to the consumer price index (CPI), excludes VAT and other deductible taxed associated with turnover.  Why Investors Care
 
 

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