Producer prices for industrial products sold in Germany rose by 6.7% in September compared with the same month a year earlier, marking the strongest annual increase since March 2023, according to figures released by the Federal Statistical Office on Tuesday.
Prices were also up 1.9% from August. Energy was the main driver of the annual increase, with energy prices rising 14.9% year on year. Intermediate goods recorded a 6.4% increase, while capital goods became 2.4% more expensive and durable consumer goods rose 2.2%.
By contrast, prices for non-durable consumer goods fell by 1.8% compared with September 2025. Excluding energy, producer prices were 3.2% higher year on year and increased by 0.1% from the previous month.
Producer prices measure what manufacturers receive for their products at the factory gate. They can provide an early indication of cost pressures in supply chains, although changes do not automatically translate into equivalent increases in retail prices.
The latest figures underline the influence of energy costs on Germany’s industrial price environment. How much of the increase reaches businesses and consumers will depend on factors including contracts, margins, demand and the extent to which companies can absorb higher input costs.
