The producer prices for ware potatoes increased by 86 percent (symbol image) Photo: picture alliance / photothek
By Philip Fabian
Bad news on the inflation front again!
Producer prices for agricultural products remain under high price pressure. In October, they rose by almost 38 percent compared to the same period last year, as the Federal Statistical Office announced on Monday.
In September the increase was a good 40 percent, in August it was more than 34 percent. Compared to September, producer prices increased by 1.1 percent.
In October, the prices for plant products rose noticeably by 26 percent and those for animal products by almost 47 percent compared to the same month last year, as the statisticians calculated. That was slightly less than in September.
The increase in the price of plant products was due, among other things, to grain prices, which rose by a good third (33.8 percent) in October compared to the same month last year.
Table potatoes rose particularly sharply with an increase of a good 86 percent. In contrast, producer prices for fruit were a good 4 percent lower.
Among animal products, producer prices for milk rose particularly sharply, up 56 percent on the same month last year. Eggs went up in price by a good third.
The producer prices are the selling prices of the producers. Their development usually affects consumer prices.