- German producer prices for industrial products rose 3.0 percent in July 2026 compared to the same month last year, Destatis reported.
- Producer prices increased 1.1 percent in July 2026 from the previous month, according to the Federal Statistical Office.
- The year-on-year rise was primarily driven by higher prices for intermediate goods, up 5.4 percent, and energy, up 3.8 percent, Destatis said.
WIESBADEN, Germany — German producer prices for industrial products rose 3.0 percent in July 2026 compared to July 2025.
The prices also increased 1.1 percent from June 2026, the Federal Statistical Office (Destatis) said in an emailed press release today.
Key Price Drivers
The year-on-year increase in producer prices was mainly due to higher prices for intermediate goods, which rose 5.4 percent. Energy prices also increased significantly, up 3.8 percent compared to July 2025.
Capital goods were 2.3 percent more expensive in July 2026 than a year prior, while durable consumer goods saw a 2.0 percent price increase. Non-durable consumer goods, however, were 2.3 percent cheaper. Excluding energy, producer prices rose 2.7 percent year-on-year and 0.1 percent month-on-month.
Energy Prices
Energy prices in July 2026 were 3.8 percent higher than in the same month last year and increased 3.4 percent compared to June 2026. Mineral oil products were 31.4 percent more expensive than in July 2025 and rose 6.6 percent from June 2026. Raw gasoline (naphtha) cost 34.6 percent more year-on-year, while light heating oil was up 52.0 percent and fuels increased 29.4 percent.
Natural gas for distribution across all consumer groups was 1.6 percent more expensive. Electricity prices fell 1.6 percent compared to July 2025, and district heating was 0.7 percent cheaper.
Intermediate Goods
Prices for intermediate goods were 5.4 percent higher in July 2026 than in July 2025, and 0.1 percent higher than in June 2026.
Higher metal prices, up 12.6 percent, were a primary factor in the year-on-year increase. Precious metals saw a significant rise of 31.8 percent year-on-year, though they fell 8.5 percent from June 2026. Copper and semi-finished products cost 28.7 percent more than a year ago. Pig iron, steel, and ferroalloys were 4.5 percent more expensive, with rebar prices up 5.8 percent.
Basic chemicals increased 11.5 percent year-on-year, and fertilizers were 13.8 percent more expensive. Wood, wood, and cork products were up 6.6 percent, including sawn softwood at 7.7 percent and sawn hardwood at 2.3 percent. Pellets, briquettes, and logs saw substantial price increases of 33.3 percent.
Glass and glassware prices rose 1.4 percent year-on-year, with refined and processed flat glass up 4.1 percent. However, prices for hollow glass decreased 0.1 percent compared to July 2025.
Price declines were observed for paper, cardboard, and related products, which cost 0.4 percent less. Animal feed for livestock was down 1.3 percent, and cereal flour decreased 2.1 percent compared to July 2025.
Capital and Consumer Goods
Capital goods prices were 2.3 percent higher in July 2026 than in July 2025 and 0.2 percent higher than in June 2026. Machinery cost 2.0 percent more, and prices for motor vehicles and parts also rose 2.0 percent.
Durable consumer goods were 2.0 percent more expensive year-on-year and 0.3 percent higher month-on-month.
Non-durable consumer goods produced and sold in Germany cost 2.3 percent less than in July 2025 and 0.3 percent less than in June 2026. Food prices overall fell 4.6 percent. Butter (-41.4 percent), pork (-22.2 percent), and beef (-6.8 percent) were significantly cheaper than in July 2025. In contrast, vegetable oils increased 12.5 percent and sugar rose 5.1 percent year-on-year.