Federal Statistical Office: Manufacturer prices in the industry are falling significantly again
Prices for raw materials and industrial products continued to fall in October. The situation is different for producers of many foods.
Listen to article
Close player
Federal Statistical Office
Listen to the audio recording of the article here: Manufacturer prices in the industry are falling significantly again
© Roland Weihrauch/dpa
Manufacturer prices for commercial products fell again in October. As the Federal Statistical Office in Wiesbaden announced, they fell by eleven percent compared to the same month last year. The reason for this is the fall in energy prices since then. However, the development was not uniform. This is how producers achieved many food higher prices in October than a year ago.
Producer prices for commercial products have been falling for months. In August and September 2022 they rose sharply due to the Russian war of aggression on Ukraine; At that time, energy prices reached a historic high, which particularly affected many intermediate goods such as metals and chemical raw materials.
This article will continue to be updated.
Manufacturer prices for commercial products fell again in October. As the Federal Statistical Office in Wiesbaden announced, they fell by eleven percent compared to the same month last year. The reason for this is the fall in energy prices since then. However, the development was not uniform. This is how producers achieved many food higher prices in October than a year ago.
Producer prices for commercial products have been falling for months. In August and September 2022 they rose sharply due to the Russian war of aggression on Ukraine; At that time, energy prices reached a historic high, which particularly affected many intermediate goods such as metals and chemical raw materials.
