Key facts
- German wholesale prices increased 8.7% year-on-year in September.
- In August, the year-on-year increase in German wholesale prices was 6.8%.
- Wholesale prices in August were up 0.9% from July.
- Mineral oil products saw a 36.1% price increase in August compared to the previous year.
German wholesale prices saw a significant increase of 8.7% in September compared to the same month in the previous year, according to data released by the Federal Statistical Office (Destatis). This marks an acceleration from the 6.8% year-on-year rise recorded in August.
In August, wholesale prices were 0.9% higher than in July. The increase in wholesale prices for mineral oil products was particularly notable, rising by 36.1% in August compared to the previous year. Prices for non-ferrous ores, metals, and semi-finished metal products also saw substantial increases, up 27.4% year-on-year in August. Chemical products prices rose 13.6% year-on-year in August.