FX.co ★ German Wholesale Prices Accelerate, WPI Jumps to 4.1% YoY in March

Germany’s wholesale price inflation accelerated sharply in March, signaling growing price pressures in the distribution channel of Europe’s largest economy. The German Wholesale Price Index (WPI) rose 4.1% year-over-year in March 2026, up from a 1.2% annual increase recorded in February 2026.

The figures, updated on 14 April 2026, show a notable strengthening in wholesale price dynamics compared with the same month a year earlier. On a year-over-year basis, the “actual” March reading reflects how prices in March 2026 compare with March 2025, while the “previous” figure measures February 2026 against February 2025.

The sharp move from 1.2% to 4.1% suggests that cost pressures at the wholesale level are building more rapidly as the spring begins, a development that markets will watch closely for potential pass-through to consumer prices and implications for monetary policy expectations in the euro area.