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Germany EUR

Germany PPI YoY

Info

History

Chart

Impact:

Medium

Source: Federal Statistical Office

Latest Release:

Date:

Surprise:

-0.1%

EUR

Actual:

-2.3%

Forecast: -2.2%

Previous/Revision:

-1.8%

Period: Nov

Next Release:

Date:

Period: Dec

What Does It Measure?

The Producer Price Index (PPI) Year-over-Year (YoY) measures the average change over time in the selling prices received by domestic producers for their output, providing insights into inflationary pressures at the wholesale level. It primarily focuses on the price movements of goods before they reach the consumer, assessing key areas such as manufacturing, agriculture, and mining.

Frequency

The PPI is released monthly by the Federal Statistical Office of Germany (Destatis), with the figures typically announced on the 20th of each month and may include preliminary estimates subject to revision.

Why Do Traders Care?

Traders closely monitor the PPI YoY as it serves as an early indicator of inflation trends that can impact monetary policy decisions, thus significantly influencing currency values and bond yields. Higher-than-expected PPI figures often lead to concerns about rising inflation, which can strengthen the euro (EUR) while negatively affecting equities due to cost pressures on businesses.

What Is It Derived From?

The PPI YoY is calculated using data from a broad range of industries, with prices gathered through surveys of approximately 7,000 enterprises that report their selling prices for their products. The index is compiled using a weighted average of these prices, accounting for the production volume of each sector to ensure a comprehensive reflection of price trends in the economy.

Description

The PPI YoY compares current prices to the same month in the previous year, providing a useful measure for understanding long-term inflation trends while eliminating seasonal fluctuations. This method allows traders and economists to gauge underlying price increases that could affect consumer spending and overall economic activity.

Additional Notes

The PPI is often seen as a leading indicator, as changes in producer prices can precede shifts in consumer prices, impacting policymaking. It is also correlated with other inflation measures like the Consumer Price Index (CPI), enabling analysts to draw parallels in price movements across different economic sectors.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bearish for Stocks. Dovish tone: Signaling lower interest rates, is usually good for the EUR but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 19, 2025	-2.3%	-2.2%	-1.8%	-0.1%
Nov 20, 2025	-1.8%	-1.9%	-1.7%	0.1%
Oct 20, 2025	-1.7%	-1.9%	-2.2%	0.2%
Sep 19, 2025	-2.2%	-1.7%	-1.5%	-0.5%
Aug 20, 2025	-1.5%	-1.3%	-1.3%	-0.2%
Jul 18, 2025	-1.3%	-1.3%	-1.2%
Jun 20, 2025	-1.2%	-1.2%	-0.9%
May 20, 2025	-0.9%	-0.6%	-0.2%	-0.3%
Apr 17, 2025	-0.2%	0.4%	0.7%	-0.6%
Mar 20, 2025	0.7%	1%	0.5%	-0.3%
Feb 20, 2025	0.5%	1.3%	0.8%	-0.8%
Jan 20, 2025	0.8%	1.1%	0.1%	-0.3%
Dec 20, 2024	0.1%	-0.3%	-1.1%	0.4%
Nov 20, 2024	-1.1%	-1.1%	-1.4%
Oct 21, 2024	-1.4%	-0.8%	-0.8%	-0.6%
Sep 20, 2024	-0.8%	-1%	-0.8%	0.2%
Aug 20, 2024	-0.8%	-0.8%	-1.6%
Jul 19, 2024	-1.6%	-1.6%	-2.2%
Jun 20, 2024	-2.2%	-2%	-3.3%	-0.2%
May 21, 2024	-3.3%	-3.2%	-2.9%	-0.1%
Apr 19, 2024	-2.9%	-4.2%	-4.1%	1.3%
Mar 20, 2024	-4.1%	-3.8%	-4.4%	-0.3%
Mar 08, 2024	-4.4%	-6.6%	-5.1%	2.2%
Jan 19, 2024	-8.6%	-8%	-7.9%	-0.6%
Dec 20, 2023	-7.9%	-7.5%	-11%	-0.4%
Nov 20, 2023	-11%	-11%	-14.7%
Oct 20, 2023	-14.7%	-14.2%	-12.6%	-0.5%
Sep 20, 2023	-12.6%	-12.6%	-6%
Aug 21, 2023	-6%	-5.1%	0.1%	-0.9%
Jul 20, 2023	0.1%	0%	1%	0.1%
Jun 20, 2023	1%	1.7%	4.1%	-0.7%
May 19, 2023	4.1%	4%	6.7%	0.1%
Apr 20, 2023	7.5%	9.8%	15.8%	-2.3%
Mar 20, 2023	15.8%	14.5%	17.6%	1.3%
Feb 17, 2023	17.8%	16.4%	21.6%	1.4%
Jan 20, 2023	21.6%	20.8%	28.2%	0.8%
Dec 20, 2022	28.2%	30.6%	34.5%	-2.4%
Nov 21, 2022	34.5%	41.5%	45.8%	-7%
Oct 20, 2022	45.8%	44.7%	45.8%	1.1%
Sep 20, 2022	45.8%	37.1%	37.2%	8.7%
Aug 19, 2022	37.2%	32%	32.7%	5.2%
Jul 20, 2022	32.7%	33.9%	33.6%	-1.2%
Jun 20, 2022	33.6%	33.5%	33.5%	0.1%
May 20, 2022	33.5%	31.5%	30.9%	2%
Apr 20, 2022	30.9%	28.2%	25.9%	2.7%
Mar 21, 2022	25.9%	26.2%	25%	-0.3%
Feb 21, 2022	25%	24.2%	24.2%	0.8%
Jan 20, 2022	24.2%	19.4%	19.2%	4.8%
Dec 17, 2021	19.2%	19.9%	18.4%	-0.7%
Nov 19, 2021	18.4%	16.2%	14.2%	2.2%
Oct 20, 2021	14.2%	12.7%	12%	1.5%
Sep 20, 2021	12%	11.4%	10.4%	0.6%
Aug 20, 2021	10.4%	9.2%	8.5%	1.2%
Jul 20, 2021	8.5%	8.4%	7.2%	0.1%
Jun 18, 2021	7.2%	6.4%	5.2%	0.8%
May 20, 2021	5.2%	5.1%	3.7%	0.1%
Apr 20, 2021	3.7%	3.3%	1.9%	0.4%
Mar 19, 2021	1.9%	2%	0.9%	-0.1%
Feb 19, 2021	0.9%	0.3%	0.2%	0.6%
Jan 20, 2021	0.2%	-0.3%	-0.5%	0.5%
Dec 18, 2020	-0.5%	-0.6%	-0.7%	0.1%
Nov 20, 2020	-0.7%	-0.7%	-1%
Oct 20, 2020	-1%	-1.4%	-1.2%	0.4%
Sep 18, 2020	-1.2%	-1.4%	-1.7%	0.2%
Aug 20, 2020	-1.7%	-1.8%	-1.8%	0.1%
Jul 20, 2020	-1.8%	-1.5%	-2.2%	-0.3%
Jun 19, 2020	-2.2%	-2.1%	-1.9%	-0.1%
May 15, 2020	-1.9%	-1.8%	-0.8%	-0.1%
Apr 20, 2020	-0.8%	-0.8%	-0.1%
Mar 20, 2020	-0.1%	0.2%	0.2%	-0.3%
Feb 20, 2020	0.2%	-0.4%	-0.2%	0.6%
Jan 20, 2020	-0.2%	-0.2%	-0.7%
Dec 18, 2019	-0.7%	-0.6%	-0.6%	-0.1%
Nov 20, 2019	-0.6%	-0.4%	-0.1%	-0.2%
Oct 21, 2019	-0.1%	-0.3%	0.3%	0.2%
Sep 20, 2019	0.3%	0.6%	1.1%	-0.3%
Aug 20, 2019	1.1%	1%	1.2%	0.1%
Jul 19, 2019	1.2%	1.4%	1.9%	-0.2%
Jun 19, 2019	1.9%	2.1%	2.5%	-0.2%
May 20, 2019	2.5%	2.4%	2.4%	0.1%
Apr 18, 2019	2.4%	2.7%	2.6%	-0.3%
Mar 20, 2019	2.6%	2.9%	2.6%	-0.3%
Feb 20, 2019	2.6%	2.2%	2.7%	0.4%
Jan 21, 2019	2.7%	2.9%	3.3%	-0.2%
Dec 19, 2018	3.3%	3.2%	3.3%	0.1%
Nov 20, 2018	3.3%	3.3%	3.2%
Oct 23, 2018	3.2%	2.9%	3.1%	0.3%
Oct 05, 2018	3.1%	2.9%	2.9%	0.2%
Aug 20, 2018	3%	3%	3%
Jul 20, 2018	3%	2.9%	2.7%	0.1%
Jun 20, 2018	2.7%	2.5%	2%	0.2%
May 18, 2018	2%	1.8%	1.9%	0.2%
Apr 20, 2018	1.9%	2%	1.8%	-0.1%
Mar 20, 2018	1.8%	2%	2.1%	-0.2%
Feb 20, 2018	2.1%	1.9%	2.3%	0.2%
Jan 19, 2018	2.3%	2.3%	2.5%
Dec 20, 2017	2.5%	2.6%	2.7%	-0.1%
Nov 20, 2017	2.7%	2.7%	3.1%
Oct 20, 2017	3.1%	2.9%	2.6%	0.2%
Sep 20, 2017	2.6%	2.5%	2.3%	0.1%
Aug 18, 2017	2.3%	2.2%	2.4%	0.1%
Jul 20, 2017	2.4%	2.3%	2.8%	0.1%
Jun 20, 2017	2.8%	2.9%	3.4%	-0.1%
May 19, 2017	3.4%	3.2%	3.1%	0.2%
Apr 20, 2017	3.1%	3.2%	3.1%	-0.1%
Mar 20, 2017	3.1%	3.2%	2.4%	-0.1%
Feb 20, 2017	2.4%	2%	1%	0.4%
Jan 20, 2017	1%	2.3%	0.1%	-1.3%
Dec 20, 2016	0.1%	-0.2%	-0.4%	0.3%
Nov 18, 2016	-0.4%	-0.9%	-1.4%	0.5%
Oct 20, 2016	-1.4%	-1.2%	-1.6%	-0.2%
Sep 20, 2016	-1.6%	-1.6%	-2%
Aug 19, 2016	-2%	-2.1%	-2.2%	0.1%
Jul 20, 2016	-2.2%	-2.4%	-2.7%	0.2%
Jun 20, 2016	-2.7%	-2.8%	-3.1%	0.1%
May 20, 2016	-3.1%	-3%	-3.1%	-0.1%
Apr 20, 2016	-3.1%	-2.9%	-3%	-0.2%
Mar 18, 2016	-3%	-2.6%	-2.4%	-0.4%
Feb 19, 2016	-2.4%	-2%	-2.3%	-0.4%
Jan 20, 2016	-2.3%	-2.2%	-2.5%	-0.1%
Dec 21, 2015	-2.5%	-2.5%	-2.3%
Nov 20, 2015	-2.3%	-2%	-2.1%	-0.3%
Oct 20, 2015	-2.1%	-1.8%	-1.7%	-0.3%
Sep 21, 2015	-1.7%	-1.5%	-1.3%	-0.2%
Aug 20, 2015	-1.3%	-1.4%	-1.4%	0.1%
Jul 20, 2015	-1.4%	-1.3%	-1.3%	-0.1%
Jun 19, 2015	-1.3%	-1.1%	-1.5%	-0.2%
May 20, 2015	-1.5%	-1.4%	-1.7%	-0.1%