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Germany's wholesale prices 0.7% lower YoY in May 2024: Destatis

14 Jun '24
1 min read
Germany's wholesale prices 0.7% lower YoY in May 2024: Destatis
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Insights

  • The selling prices in Germany's wholesale trade were 0.7 per cent lower in May than in the same month last year, official statistics show.
  • Wholesale prices in May this year rose slightly by 0.1 per cent month on month.
  • Lower wholesale prices of chemical products were the main reason for the year-on-year (YoY) decrease in overall wholesale prices in May.
The selling prices in Germany’s wholesale trade were 0.7 per cent lower in May this year than in the same month last year, according to the Federal Statistical Office (Destatis). Wholesale prices in May this year rose slightly by 0.1 per cent month on month (MoM).

Compared with the same month a year earlier, the rate of change of selling prices was minus 1.8 per cent in April and minus 2.6 per cent in March this year.

Lower wholesale prices of chemical products (minus 13.9 per cent) were the main reason for the year-on-year (YoY) decrease in overall wholesale prices in May. Compared with April 2024, such prices dropped by 0.9 per cent, a Destatis release said.

Fibre2Fashion News Desk (DS)

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