The contrasting trend was largely driven by volatile energy prices. While overall energy prices were 3.2 per cent lower than a year earlier, they surged 7.5 per cent from February, reflecting the impact of the Iran and broader Middle East conflict. Mineral oil products recorded particularly strong gains, rising 18.3 per cent YoY and 22.9 per cent MoM, Destasis said in a press release.
Germany’s producer prices fell 0.2 per cent YoY in March 2026 but rose 2.5 per cent MoM, the sharpest increase since August 2022, driven by energy volatility.
Energy prices declined annually but surged monthly, led by mineral oil products.
Excluding energy, prices rose moderately.
Capital and durable goods increased, while non-durable consumer goods recorded a slight annual decline.
Heating oil prices jumped 55.2 per cent from a year earlier and 53.4 per cent from the previous month, while motor fuel prices climbed 29.5 per cent YoY and 22.3 per cent MoM. In contrast, natural gas and electricity prices remained below last year’s levels due to long-term contracts, although both registered monthly increases.
Excluding energy, producer prices rose 1.3 per cent YoY and 0.4 per cent MoM, indicating underlying inflationary pressures across industrial segments.
Among product categories, capital goods and durable consumer goods each rose 1.9 per cent YoY, while intermediate goods increased 1.5 per cent. Non-durable consumer goods, however, declined 0.3 per cent compared with March 2025.
Fibre2Fashion News Desk (SG)
