FX.co ★ Germany Wholesale Prices Rise at Softer Pace

In December 2025, Germany saw a 1.2% year-over-year increase in wholesale prices, slightly down from a 1.5% increase in November, which had been the highest rate observed since February. This marks the thirteenth consecutive month of rising prices. The yearly uptick was mainly fueled by a significant 34.6% surge in the prices of non-ferrous ores, non-ferrous metals, and associated semi-finished products. In contrast, the prices for food, beverages, and tobacco climbed by 2.4%, with sugar, confectionery, and baked goods leading at 12.8%, followed by coffee, tea, cocoa, and spices at 7.4%, and meat and meat products at 5.0%. Conversely, there were declines in the prices of cereals, raw tobacco, seeds, and animal feed, which dropped by 7.3%, as well as a 3.3% decrease in milk, dairy products, eggs, edible oils, and edible fats. On a month-over-month basis, wholesale prices dipped by 0.2%, reversing the previous rises of 0.3% recorded in the last two months. This decline not only fell short of the expected 0.2% increase but also marked the first monthly decrease since August.