2025.11.2007:07:34UTC+00German Producer Prices Drop Less than Expected

Producer prices in Germany experienced a 1.8% decline year-on-year in October 2025, following a 1.7% decrease in September, and contrary to market anticipations of a 1.9% fall. This marks the eighth consecutive month of annual declines in producer prices. The primary factor in this overall reduction was a notable drop in energy costs by 7.5%. Significant contributors within the energy sector included reductions in natural gas prices by 12.1%, electricity by 8.3%, mineral oil products by 4.3%, and heating oil by 2.7%. Prices for intermediate goods also saw a drop, decreasing by 0.5%. Conversely, price rises were observed in non-durable consumer goods by 2.3%, durable consumer goods by 1.7%, and capital goods by 1.9%. When excluding energy, producer prices saw an increase of 0.8%, compared to a 0.9% rise in September. On a month-to-month basis, the producer price index unexpectedly increased by 0.1% in October, contrary to expectations for no change, following a 0.1% decrease in September.