Deutschland Wholesale Prices

Wholesale prices in Germany increased 14.9% year-on-year in November of 2022, the softest rise since September of 2021, after a 17.4% gain in October. Main upward pressure came from cost of raw materials and intermediate products. Meanwhile, the largest impact on the annual rate of change came from cost of mineral products (30.4%). Big increases were also seen for solid fuels (96.8%), live animals (45.6%), milk, milk products, eggs, edible oils and fats (35.8%), chemical products (30.2%), and grain, unmanufactured tobacco, seeds and animal feed (21.2%). By contrast, cost of use of material and residues fell by 18.9%. Compared with the previous month, wholesale prices dropped by 0.9 percent in November, following a 0.6 percent fall in October.