The highest price increase was at 2,7 percent in the economic section of administration and support services, the Federal Statistical Office (Destatis) announced on Tuesday. Compared to the fourth quarter of 2019, producer prices for services rose by one percent.
In the transport and storage sector, producer prices rose by 2020 percent in the first quarter of 2,4 compared to the same quarter in the previous year, and by 2019 percent compared to the fourth quarter of 2,7. The most significant price increases compared to the first quarter of 2019 were 4,5 percent for other postal, courier and express services. The reason for this was postage increases for mail services in July 2019. Producer prices in the information and communication section rose only slightly by 0,8 percent in the first quarter of 2020 compared to the same quarter in the previous year. In this sector of the economy, prices rose most strongly in the correspondence and news bureaus, research services with 1,9 percent and telecommunications services with 1,8 percent. In the freelance, scientific and technical services sector, producer prices in the first quarter of 2020 were 1,5 percent higher than in the same quarter of the previous year, according to the statisticians. With an increase of 3,5 percent, prices in the area of technical, physical and chemical examinations developed most strongly compared to the first quarter of 2019. The reason for this is, among other things, significant price increases for testing services for motor vehicles.