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12.07.2019, 06:21

Germany wholesale prices unexpectedly fell in June compared to May

As reported by the Federal Statistical Office (Destatis), the selling prices in wholesale trade increased by 0.3% in June 2019 from the corresponding month of the preceding year. In May 2019 and in April 2019 the annual rates of change had been +1.6% and +2.1%, respectively. From May 2019 to June 2019 the index fell by 0.5%. Economists had expected a 0.2% increase

The biggest influence on the overall development compared to the same month of the previous year in June 2019 was the price increase in wholesale of live animals (+13.6%) as well as cereals, raw tobacco, seeds and animal feed (+6.8%).

Compared with June 2018, prices for wholesale sales of meat and meat products (+5.0%) also increased at an above-average rate. In contrast, prices for waste and residual materials (-10.0%) and for computers, peripherals and software (-5.2%) at wholesale level were lower than in June 2018. Petroleum products were on average also below the level of the previous year ( -2.1%).

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