Germany’s producer prices advanced 4.6% year-on-year in August 2026, marking the fifth straight month of producer price growth and accelerating from July’s reading of 3.0% while surpassing market forecasts of 4.1%. It was the fastest increase in producer prices since April 2023, mainly boosted by rises in energy prices (8.3% vs 3.8% in July), driven by higher prices for mineral oil, naphtha, heating oil, and motor fuels. Meanwhile, prices for intermediate goods accelerated to 6.1% from 5.4% in July, due to surges in prices for metals, precious metals, copper, and semi-finished copper. Capital goods were up 2.4%, reflecting higher prices for machinery and motor vehicles, while durable consumer goods climbed 2.1%. Conversely, non-durable consumer goods fell 2.0%. Excluding energy, producer prices rose 3.1%. Monthly, prices rose 1.1%, the same pace as in July and still the fastest pace in three months, exceeding market estimates for a milder 0.4% increase.