Pubblicato in: Banche Centrali, Devoluzione socialismo

Germania. Agosto21. PPI, Producer Prices of industrial products, +12% su agosto20.

Giuseppe Sandro Mela.

2021-09-21.

2021-09-21__ Germania PPI 001

Come riportato dall’Ufficio Federale di Statistica questo è stato l’aumento più alto rispetto al mese corrispondente dell’anno precedente dal dicembre 1974 (+12.4%), quando i prezzi aumentarono fortemente durante la prima crisi del petrolio.

                         In sintesi.

– +12.0% on the same month a year earlier

– Energy prices as a whole were up 24.0% compared to August 2020

– Mainly responsible for the high rise of energy prices were the strong increase regarding natural gas (distribution)

– Prices of intermediate goods increased by 17.1% compared to August 2020

– Compared to August 2020 intermediate goods’ prices increased especially regarding sawn timber (+124%) and metallic secondary raw materials (+104%) as well as wooden packaging materials (+89.4%) and reinforcing steel in bars (+87.2%).

– Metal prices were up 34.9% compared to August 2020

– Prices of metallic steel and ferro-alloys increased by 58.0%, prices of non-ferrous metals were up 23.0%

– the main reasons for the rise in steel and wood prices are likely to be increasing demand in Germany and abroad, problems in the supply of raw materials and sharp increases of import prices for iron ore (+109% from July 2020 to July 2021)

– Prices of crude vegetable oils were up 38.3%, butter prices rose by 16.4%

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Questo macrodato, per di più se scorporato nelle sue componenti, renderebbe del tutto inverosimile il rilevamento di un processo inflattivo al solo 3.9%.

Finalmente, il 26 settembre in Germania sia vota.

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Destatis. Producer prices in August 2021: +12.0% on August 2020

                         Pressrelease #442 from 20 September 2021

                         Producer prices of industrial products (domestic market), August 2021

+1.5% on the previous month

+12.0% on the same month a year earlier

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Wiesbaden – In August 2021, the index of producer prices for industrial products increased by 12.0% compared with August 2020. As reported by the Federal Statistical Office this was the highest increase compared to the corresponding month of the preceding year since December 1974 (+12.4%), when prices rose strongly during the first oil crisis. Compared with the preceding month July 2021 the overall index rose by 1.5% in August 2021.

Mainly responsible for the increase of producer prices compared to August 2020 were the prices of energy followed by intermediate products.

                         Strong increase in prices for all energy sources

Energy prices as a whole were up 24.0% compared to August 2020 and by 3.3 compared to July 2021. Mainly responsible for the high rise of energy prices were the strong increase regarding natural gas (distribution).

The overall index disregarding energy was 8.3% up on August 2020.

                         Significant price increase on intermediate goods, especially regarding wood, secondary raw materials and metals

Prices of intermediate goods increased by 17.1% compared to August 2020. Compared to July 2021 these prices were up 1.4 %. Compared to August 2020 intermediate goods’ prices increased especially regarding sawn timber (+124%) and metallic secondary raw materials (+104%) as well as wooden packaging materials (+89.4%) and reinforcing steel in bars (+87.2%). Metal prices were up 34.9% compared to August 2020. Prices of metallic steel and ferro-alloys increased by 58.0%, prices of non-ferrous metals were up 23.0%. Also in August the main reasons for the rise in steel and wood prices are likely to be increasing demand in Germany and abroad, problems in the supply of raw materials and sharp increases of import prices for iron ore (+109% from July 2020 to July 2021). Also prices for basic chemicals showed a strong plus compared to August 2020 (+20.0%). Only few prices of intermediate goods fell compared to August 2020, one of them being wood in chips and particles (-15.9%).

Prices of durable consumer goods increased by 2.8% compared to August 2020, mainly caused by the price development of furniture (+3.9%). Prices of capital goods, such as machines and vehicles, rose by 2.4% (+0.6% compared to July 2021), mainly driven by the price development of metal structures and parts of structures (+13.9%) and of tanks, reservoirs and containers of metal (+9.1%).

                         Growth in prices of non-durable consumer goods mainly due to increasing prices for oils and fat

Prices of non-durable consumer goods increased by 2.1% compared to August 2020 and rose by 0.2% compared to July 2021. From August 2020 to August 2021 food prices increased by 2.6%. Prices of crude vegetable oils were up 38.3%, butter prices rose by 16.4%. By contrast, pork prices were down 3.1% and processed potatoes 2.1%.

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