Producer prices (PPI) · Germany
Germany Wholesale Prices MoM
The Germany Wholesale Prices MoM measures the prices that producers in Germany receive for their goods (and in some countries services), or pay for their inputs, before taxes and retail margins.
- Importance
- Medium
- Released
- Monthly
- Next release
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Bundesbank)
Latest figures
The latest release for SEP, published on 14 October 2026, came in at 1.9%, above the consensus of 0.7%, up from 0.9% the time before.
A higher figure than expected makes the European Central Bank (with the Bundesbank) more likely to keep rates high or raise them: it tends to support the euro and push bond yields up, and is often a weight on stocks.
Over the last 12 releases it ranged from -0.7% to 2.7%, averaging 0.7%; it has been rising for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 14 Oct 2026 | SEP | 1.9% | 0.7% | 0.9% |
| 15 Sep 2026 | AUG | 0.9% | 0.1% | 0.2% |
| 14 Aug 2026 | JUL | 0.2% | 0.4% | -0.7% |
| 14 Jul 2026 | JUN | -0.7% | 0.5% | -0.6% |
| 15 Jun 2026 | MAY | -0.6% | 0.8% | 2% |
| 13 May 2026 | APR | 2% | 1% | 2.7% |
| 14 Apr 2026 | MAR | 2.7% | 0.4% | 0.6% |
| 13 Mar 2026 | FEB | 0.6% | 0.4% | 0.9% |
| 13 Feb 2026 | JAN | 0.9% | 0.1% | -0.2% |
| 15 Jan 2026 | DEC | -0.2% | 0.2% | 0.3% |
| 15 Dec 2025 | NOV | 0.3% | 0.2% | 0.3% |
| 12 Nov 2025 | OCT | 0.3% | 0.1% | 0.2% |
Why it matters
Producer prices are an early warning for consumer inflation: when factories pay more for energy and materials, part of the cost reaches shop prices in the following months. They also show profit pressure.
How it is calculated
the Federal Statistical Office (Destatis) surveys companies on the prices of representative products at the factory gate; the index is weighted by each product's share of output. Input PPI covers materials and fuel bought; output PPI the goods sold.
PPI change (yoy) = PPI ÷ PPI 12 months ago − 1What changes mean
- Input prices rising faster than output prices squeeze margins.
- A sharp move in PPI often reflects oil and metals; check the core (ex food and energy) version.
Higher than expected: A higher figure than expected makes the European Central Bank (with the Bundesbank) more likely to keep rates high or raise them: it tends to support the euro and push bond yields up, and is often a weight on stocks.
Lower than expected: A lower figure than expected gives the European Central Bank (with the Bundesbank) room to cut or hold rates lower: the euro tends to soften and bond yields to fall.
A short history
Wholesale price indexes are among the oldest economic statistics; the US index dates back to 1902 and was renamed the Producer Price Index in 1978.
Questions
What is the Germany Wholesale Prices MoM?
The Germany Wholesale Prices MoM measures the prices that producers in Germany receive for their goods (and in some countries services), or pay for their inputs, before taxes and retail margins.
What was the latest Germany Wholesale Prices MoM?
1.9% for SEP, published on 14 October 2026 (consensus 0.7%, previous 0.9%).
When is the next Germany Wholesale Prices MoM?
On Friday 13 November 2026 at 07:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.