German Wholesale Prices Rise 6.8% in August
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13 Articles
Prices of mineral oil products in Germany up 36.1% year-on-year in August
Wholesale prices in Germany jumped more in August than ever in the previous three and a half years, Destatis reported. In a year-on-year comparison, the 6.8 percent jump is the biggest after 9.5 percent from February 2023. “The driver of prices in August was again the conflicts in Iran and the Middle East, which...
Germany's wholesale prices have risen faster than three years ago in August, affected by the aftermath of the Middle East conflict, which has particularly increased the costs of energy products and raw materials. The Federal Bureau of Statistics reported Tuesday that wholesale prices - an early indicator of inflation trends - increased by 6.8% in August compared to the month [...].
The wholesale price index in the country increased by 0.9 percent in August compared to the previous month and 6.8 percent compared to the same month last year
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