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% and surpassing market forecasts of 4.1%. It was the fastest increase in producer prices since April 2023, mainly boosted by rises in intermediate goods (6.1% vs 5.4% in July). 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.