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- Germany wholesale prices fell sharply in August
Germany wholesale prices fell sharply in August
As reported by the Federal Statistical Office (Destatis), the selling prices in wholesale trade fell by 1.1% in August 2019 from the corresponding month of the preceding year. In July 2019 and in June 2019 the annual rates of change had been -0.1% and +0.3%, respectively. From July 2019 to August 2019 the index fell by 0.8%.
In August 2019, prices in the wholesale of petroleum products, which were down by 6.1%, had the greatest impact on the overall development compared with the same month of the previous year. There were also sharp price declines compared with the previous year in the wholesale trade of waste and residual materials (-10.0 %), cereals, raw tobacco, seeds and animal feed (-9.0 %) and data processing equipment, peripheral equipment and Software (-6.3 %).
By contrast, prices for live animals (+13.7 %) and meat and meat products (+5.4 %) were higher at wholesale level than in August 2018.
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