2017 Economic Calendar
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Germany : PPI  
Released On 12/20/2017 2:00:00 AM For Nov, 2017
PriorConsensusActual
Month over Month0.3 %0.2 %0.1 %
Year over Year2.7 %2.6 %2.5 %

Highlights
Producer prices posted their fifth consecutive monthly rise in November. However, a minimal 0.1 percent increase was the smallest of the sequence and saw annual PPI inflation slide from 2.7 percent to 2.5 percent, its weakest outturn since July.

In fact, the monthly gain was wholly attributable to a 0.6 percent jump in energy, without which the PPI would have declined 0.1 percent to reduce the yearly core rate by 0.4 percentage points to 2.3 percent. Elsewhere, consumer goods were down 0.3 percent versus October and basics were off 0.1 percent while capital goods edged just 0.1 percent firmer.

November's deceleration makes for a broadly flat trend in underlying PPI inflation. Diminishing spare capacity suggests that prices should be picking up momentum but, for now at least, pipeline pressure from industry on CPI inflation remains relatively benign. This may change in 2018.

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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