Latest data released by Destatis - 20 February 2019
- Prior -0.4%
- PPI +2.6% vs +2.2% y/y expected
- Prior +2.7%
Slight delay in the release by the source. Producer prices climb after two months of decline so that should provide some minor encouragement to inflationary pressures. That said, this is a lagging indicator as we already observed the CPI figures from Germany earlier this month.
Despite the slightly better-than-expected reading on the month, annual producer prices still declined from +2.7% in December to +2.6% in January this year.
