• Prior +0.1%
  • Wholesale price index +2.0% y/y
  • Prior +8.9%

German wholesale prices increased slightly on the month but the annual change sees a sharp pullback amid base effects, similar to what we saw from the consumer price inflation numbers. This is also evident by the plunge in wholesale trade of mineral oil products - the first since January 2021:

Germany WPI
Germany wholesale prices y/y