2017 Economic Calendar
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Germany : PPI  
Released On 11/20/2017 2:00:00 AM For Oct, 2017
PriorConsensusActual
Month over Month0.3 %0.3 %0.3 %
Year over Year3.1 %2.7 %2.7 %

Highlights
Producer prices again rose 0.3 percent on the month in October. The increase, which matched market expectations, was the fourth in a row but, with base effects quite strongly negative, still saw the annual headline PPI inflation rate drop 0.4 percentage points to 2.7 percent.

Energy prices were 0.5 percent firmer versus September and without this effect, the PPI would have increased a monthly 0.2 percent. In turn, this would have lifted the underlying yearly inflation rate by a tick to 2.7 percent. Compared with the previous month, intermediates gained 0.4 percent but capital goods were only flat and consumer goods fell 0.2 percent on the back of a 0.3 percent decline in non-durables.

The uptick in the annual underlying PPI rate leaves it just 0.3 percentage above its mark at the start of 2017. Pipeline inflation pressures in Germany would seem to be on the up but their impact on actual prices continues to feed through only slowly.

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
 
 

2017 Release Schedule
Released On: 1/202/203/204/205/196/207/208/189/2010/2011/2012/20
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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