FX.co ★ German Wholesale Prices Turn Positive in July, Ending Decline

Germany’s Wholesale Price Index (WPI) moved back into positive territory in July 2026, signaling a shift in price dynamics at the wholesale level. According to data updated on 14 August 2026, wholesale prices rose 0.2% month-over-month, reversing the 0.7% decline recorded in June 2026.

The latest reading marks a notable turnaround after the previous month’s negative print, when the WPI had fallen by 0.7% compared with May. On a month-over-month basis, the July increase suggests some stabilization in pricing pressures within the German wholesale sector after a period of declines.

The comparison is based on monthly changes: the current figure reflects the change in July relative to June, while the previous figure measured June against May. The move from -0.7% to 0.2% may be watched closely by market participants as an early indication of changing cost trends that could feed through to consumer prices and broader inflation dynamics.