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- Germany wholesale prices unexpectedly fell in June compared to May
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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