On a monthly basis, producer prices slipped 0.1 per cent. The fall was mainly driven by energy, which was 6.8 per cent cheaper than a year earlier. Natural gas prices declined 8.6 per cent, electricity fell 7.8 per cent and district heating was 2.1 per cent lower.
Compared with June, energy prices edged up 0.1 per cent, with electricity up 0.9 per cent, while natural gas slipped 1.1 per cent.
Intermediate goods prices fell 0.9 per cent year on year (YoY) and 0.3 per cent month on month (MoM). In contrast, capital goods prices rose 1.8 per cent compared with July 2024 and 0.1 per cent versus June, Destatis said in a release.
Non-durable consumer goods increased 3.5 per cent YoY but dipped 0.2 per cent MoM, while durable consumer goods rose 1.9 per cent annually and 0.2 per cent monthly. Excluding energy, producer prices climbed 1 per cent YoY but fell 0.2 per cent from June.
ALCHEMPro News Desk (HU)
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