FX.co ★ Germany Wholesale Price Inflation At 21-Month Low

Germany's wholesale prices increased at the slowest pace in twenty-one months in January, Destatis reported Tuesday.

The wholesale price index rose 10.6 percent year-on-year in December, slower than the 12.8 percent rise in November. ?

This was the slowest rate since April 2021, when prices had grown 9.7 percent.?Nonetheless, wholesale price inflation continued to remain in double-digits.?

The highest annual price growth occurred in the category of food, beverage and tobacco, rising 16.2 percent. Prices for solid fuel and mineral oil products surged 13.1 percent.?

Month-on-month, wholesale prices increased 0.2 percent, reversing a 1.6 percent fall in December. This was the first rise in four months.