Germany’s producer prices increased 6.7% year-on-year in September 2026, marking the sixth straight month of producer price growth and accelerating from August’s reading of 4.6%. It was the fastest increase in producer prices since March 2023, mainly driven by rising energy prices (14.9% vs. 8.3% in August), reflecting higher prices for mineral oil, naphtha, heating oil, and motor fuels. Meanwhile, prices for intermediate goods accelerated to 6.4% from 6.1% in August. Capital goods prices rose 2.4%, while durable consumer goods advanced 2.2%. Conversely, non-durable consumer goods prices dropped 1.8%. Excluding energy, producer prices rose 3.2%. On a monthly basis, prices climbed 1.9%, following a 1.1% rise in August, marking the fastest pace in six months and exceeding market estimates of a 0.8% gain.