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- Germany's wholesale prices fell in November
Germany's wholesale prices fell in November
As reported by the Federal Statistical Office (Destatis), the selling prices in wholesale trade fell by 2.5% in November 2019 from the corresponding month of the preceding year. This has been the strongest price decrease compared to the previous year since May 2016 (-2.8%). In October 2019 and in September 2019 the annual rates of change had been -2.3% and -1.9%, respectively.
From October 2019 to November 2019 the index slightly fell by 0.1%.
The biggest impact on the overall development compared to the same month of the previous year was the 15.7% lower prices in the wholesale trade of petroleum products in November 2019. There were also sharp year-on-year price declines in the wholesale trade of waste and residual materials (-19.8 %), cereals, raw tobacco, seeds and animal feed (-11.1 %) and data processing equipment, peripheral equipment and software (-7.8 %). In contrast, prices for live animals (+23.7 %) and meat and meat products (+6.7 %) were higher at wholesale level than in November 2018.
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