Germany’s industrial producer prices rose 6.7 per cent year on year in September 2026, marking the largest increase since March 2023, as surging energy costs driven by the conflict in Iran and the Middle East pushed prices higher, the Federal Statistical Office (Destatis) said. Producer prices also increased 1.9 per cent from August 2026.
German industrial producer prices rose 6.7 per cent year on year in September 2026, the largest increase since March 2023, driven by a 14.9 per cent surge in energy costs.
Mineral oil product prices jumped 51.3 per cent, while intermediate goods rose 6.4 per cent.
Excluding energy, producer prices increased 3.2 per cent.
Non-durable consumer goods prices fell 1.8 per cent, led by lower food prices.
Energy prices rose 14.9 per cent year on year and 5.8 per cent month on month. Mineral oil products recorded a sharp 51.3 per cent annual increase, with heating oil prices surging 91.8 per cent, and motor fuels becoming 48.6 per cent more expensive.
Intermediate goods prices increased 6.4 per cent year on year, driven largely by a 14 per cent rise in metal prices.
Prices of capital goods rose 2.4 per cent year on year, while durable consumer goods became 2.2 per cent more expensive. Machinery prices increased 2.1 per cent.
By contrast, non-durable consumer goods prices fell 1.8 per cent year on year, as food prices declined 4.1 per cent.
Excluding energy, German producer prices rose 3.2 per cent year on year and 0.1 per cent from August, Destatis said.
Fibre2Fashion News Desk (CG)
