Market news
13.09.2021, 06:20

Germany wholesale prices rose significantly in August

According to the report from Destatis, in August 2021 the selling prices in wholesale trade rose by 12.3% compared with August 2020. This was the highest monthly annual rate of change since October 1974 after the first oil crisis (+13.2% compared with October 1973). In July 2021 and in June 2021 the annual rates of change had been +11.3% and +10.7%, respectively. From July 2021 to August 2021 the index rose by 0.5%.

The high year-on-year increase in wholesale prices is due, on the one hand, to the current sharp rise in prices for many raw materials and intermediate products. On the other hand, a base effect due to the very low price level of the previous year's months in connection with the Corona crisis comes into play.

In August 2021, the biggest impact on the rate of change in the wholesale price index compared to the same month of the previous year was due to price increases in the wholesale of ores, metals and semi-finished metals (+63.4 %) and solid fuels and petroleum products (+35.5 %).

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location