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- Germany's wholesale prices were unchanged in September
Germany's wholesale prices were unchanged in September
According to the report from the Federal Statistical Office (Destatis), wholesale selling prices fell by 1.8% in September 2020 compared to September 2019. Destatis also reports that the year-on-year change was -2.2% in August 2020 and -2.6% in July 2020.
Compared with the previous month, prices did not change in September 2020 for goods sold at wholesale level.
In September 2020, lower prices in the wholesale trade of petroleum products (-17.1%) had the biggest impact on the overall development compared to the same month of the previous year.
There were also sharp price decreases compared to the previous year in the wholesale trade of live animals (-13.4 %), waste materials and residual materials (-4.5 %) as well as data processing equipment, peripheral equipment and Software (-4.5 %).
In contrast, prices for cereals, raw tobacco, seeds and animal feed (+3.6%), fruit, vegetables and potatoes (+2.5 %) and tobacco products (+4.7 %) in wholesale trade were higher than in September 2019.
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