Producer Prices of Agricultural Products in Germany Show Year-on-Year Increase of 20.4% in February 2023, Slowing for Fifth Consecutive Month

  • Producer prices of agricultural products in February 2023 were 20.4% higher compared to February 2022, but the year-on-year increase has been slowing for the fifth consecutive month.
  • Prices of plant products rose by +6.8% on the same month a year earlier, while prices of animal products increased by +30.5%.
  • Compared to January 2023, prices fell by 0.7%, with plant product prices down by 0.1% and animal product prices down by 1.2% in February 2023.
  • Wholesale selling prices in March 2023 were 2.0% higher compared to March 2022, but the annual rate of change has decreased compared to February and January 2023.
  • The high annual rate of change for wholesale prices was mainly influenced by increased prices for food, beverages, tobacco, meat, fruit, vegetables, potatoes, and other agricultural products.

https://www.destatis.de/EN/Press/2023/04/PE23_149_61281.html

https://www.destatis.de/EN/Press/2023/04/PE23_148_61211.html


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