The Producer and Import Price Index rose in July 2021 by 0.5% compared with the previous month, reaching 103.2 points (December 2020 = 100). Higher prices were seen in particular for metal products, petroleum products as well as basic metals and semi-finished metal products. Compared with July 2020, the price level of the whole range of domestic and imported products rose by 3.3%. These are the results from the Federal Statistical Office (FSO).
In particular, higher prices for metal products were responsible for the increase in the producer price index compared with the previous month. Petroleum products, basic metals and semi-finished metal products also became more expensive. In contrast, lower prices were seen for pork, slaughter pigs as well as irradiation, electromedical and electrotherapeutic equipment.
The import price index registered higher prices compared with June 2021, particularly for petroleum products, petroleum and natural gas, basic metals and semi-finished metal products. The same applied to steel and light metal frameworks, computers and peripheral equipment as well as other fabricated metal products. In contrast, vegetables, melons and potatoes became cheaper.
Producer price index for selected services
Over a period of several years, the producer price index has gradually been extended to the service sector. The latest results are available at (in German only):