Press release No. 066 of 20 February 2025
Producer prices of industrial products (domestic sales), January 2025
+0.5% on the same month a year earlier
-0.1% on the previous month
WIESBADEN – The producer prices of industrial products were 0.5% higher in January 2025 than in January 2024. In December 2024, the year-on-year change rate was +0.8%. The Federal Statistical Office (Destatis) also reports that producer prices in January 2025 dropped by 0.1% compared with the previous month.
In January 2025, higher prices for non-durable consumer goods were the main reason for the year-on-year increase in producer prices. Capital goods and durable consumer goods were also more expensive than in the same month of the previous year, while energy and intermediate goods were less expensive. When energy prices are excluded, producer prices in January 2025 rose by 1.2% on the same month of the previous year and by 0.3% compared with December 2024.
Energy prices down both year on year and month on month
Energy prices in January 2025 fell by 1.0% from the same month a year earlier. Compared with December 2024, energy prices dropped by 0.9%. Lower electricity prices had the biggest influence on the year-on-year rate of change for energy. Across all customer groups, electricity prices declined by 1.8% from January 2024 (-2.5% from December 2024).
Natural gas (distribution) cost 1.9% less in January 2025 than in January 2024 across all customer groups. Compared with December 2024, gas prices were down 2.8%.
District heating was 1.5% less expensive than in January 2024 (-1.5% on December 2024).
By contrast, mineral oil products cost more than in the same month a year earlier; their prices rose by 0.7% from January 2024 and by 4.4% from December 2024. Heating oil prices increased by 1.9% from a year earlier (+10.1% compared with December 2024). Motor fuel prices were up 0.5% (+5.6% from December 2024).
Higher prices for non-durable consumer goods, durable consumer goods and capital goods
Non-durable consumer goods cost 3.0% more in January 2025 than in January 2024 (+0.5% on December 2024). Food prices were up 3.5% on January 2024. Compared with the same month of the previous year, butter prices were much higher (+39.8%; -0.3% on December 2024), and confectionery also cost considerably more (+24.0%; +1.2% on December 2024). Beef was 18.0% more expensive than in January 2024 (+2.3% on December 2024). By contrast, lower prices than in the same month a year earlier were recorded in January 2025 especially for sugar (-33.8%), pork (-8.8%) and cereal flours (-4.1%).
Durable consumer goods cost 1.1% more in January 2025 than a year earlier (+0.4% on December 2024).
Capital goods prices in January 2024 rose by 1.9% year on year (+0.8% on December 2024). Machinery cost 1.9% more than in January 2024. The prices of motor vehicles, trailers and semi-trailers increased by 1.4% from January 2024.
Slight price drop for intermediate goods compared with January 2024
The prices of intermediate goods were 0.1% lower in January 2024 than a year earlier. Compared with the previous month, they remained unchanged (0.0%).
The prices of glass and glass products were down 4.8% compared with the same month a year earlier, flat glass, in particular, cost 16.4% less than in January 2024. Prepared feeds for farm animals were 1.3% less expensive than in the previous year. The prices of basic chemicals remained unchanged year on year (0.0%).
Price increases compared with January 2024 were observed for stone, gravel, sand, clay and kaolin (+3.4%), plaster products for construction purposes (+4.6%), electric transformers (+2.3%) and wiring and wiring devices (+1.0%).
Wood and products of wood and cork were 2.5% more expensive than in January 2024. Coniferous timber prices rose by 11.4% compared with January 2024. By contrast, the prices of non-coniferous timber were down 5.7% year on year. Particle boards cost 1.1% less than in the same month of the previous year.
The prices of metals were up 0.1% year on year, but were down 0.1% on the previous month. The prices of copper and semi-finished copper products were significantly higher (+9.4%) than in the same month a year earlier. By contrast, basic iron, steel and ferro-alloys were 8.9% less expensive than in January 2024. The prices of concrete reinforcing bars declined by 2.6% year on year.
Methodological notes:
The index of producer prices of industrial products measures the development of prices for products produced and sold in Germany by the mining and quarrying, manufacturing, and energy and water supply sectors. All charges and taxes on goods are included, except value-added tax. The index therefore reflects price developments at an early stage of the economic process. The 15th of each reference month is the survey reference date.
More information:
The statistical report (only in German) on producer price indices of industrial products (domestic sales) also includes the latest results. Long time series for the overall index are also available in the table on producer price indices for industrial products (61241-0002) and for sub-indices in the table on producer price indices for industrial products (61241-0004) in the GENESIS-Online database.
Information on CO₂ pricing under the Fuel Emission Allowance Trading Act is provided on the “Producer price index for industrial products” page.
Producer prices of industrial products can also be found on the Economic Dashboard, which is part of Dashboard Germany (www.dashboard-deutschland.de) (only in German). In this data portal, the Federal Statistical Office brings together up-to-date indicators from official statistics producers and other data providers on the topics of the economy, finance, the labour market, construction, housing, energy and Ukraine. The portal also contains the Economic Pulse Monitor (only in German) tool for real-time economic monitoring.
