German producer prices rose 6.7 per cent in September 2026 compared with the same month a year earlier, the sharpest increase since March 2023, according to new figures from the German Federal Statistical Office (Destatis), as reported by Industrylinqs. Energy prices were the main driver. They rose 14.9 per cent year-on-year and 5.8 per cent month-on-month.
Industrylinqs attributes the energy price surge to the war in Iran and the Middle East. Mineral oil products became 51.3 per cent more expensive than in September 2025, with naphtha up as much as 53.8 per cent, heating oil up 91.8 per cent and motor fuels up 48.6 per cent. Excluding energy, producer prices rose 3.2 per cent year-on-year and 0.1 per cent from August.
The report indicates that rising energy and raw material costs are feeding directly into the selling prices of industrial products in Germany. Prices of semi-finished products were 6.4 per cent higher than in September 2025 and rose 0.2 per cent from August 2026. The increase over the past year was mainly driven by metal prices, which rose 14.0 per cent.
Copper and semi-finished copper products increased sharply, by 31.4 per cent, while precious metals cost 26.5 per cent more. Pig iron, steel and ferroalloys rose 8.4 per cent, including reinforcing steel at 7.0 per cent. Prices of basic chemicals were 11.3 per cent higher than a year earlier.
Fertiliser prices rose 8.9 per cent over the same period. Source: Industrylinqs, citing Destatis figures.
Source: industrylinqs.com