Producer prices for milk rose by 56 percent in October compared to the same month last year, and for table potatoes by as much as 86 percent. Consumers will probably feel this too.
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 the animal products, the producer prices for milk rose particularly sharply with plus 56 percent compared to the same month last year. Eggs rose in price by a good third.
The producer prices are the selling prices of the producers. Their development usually affects consumer prices.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
