In October this year, the index of producer prices for industrial products in Germany increased by 2.7 percent compared to the same month of 2016 and was up 0.3 percent compared to September, according to the country's Federal Statistical Office (Destatis). In September, Germany's industrial producer prices had increased by 3.1 percent year on year.
In October, prices in the energy sector increased by 2.8 percent, while prices of non-durable consumer goods were up by 2.8 percent and prices of intermediate goods rose by 4.1 percent, all year on year. Meanwhile, in the month in question, the prices of capital goods rose 1.1 percent and durable consumer goods rose by 1.2 percent compared to October 2016.