Annual Wholesale Prices Rise in April
(MENAFN) According to a statement released by the federal statistical office on Thursday, Germany's wholesale prices increased by 0.8 percent in April compared to the same month last year.
This annual growth follows previous increases of 1.3 percent in March and 1.6 percent in February, as reported by Destatis.
The year-on-year surge in April's wholesale prices was primarily attributed to elevated costs in the wholesale trade of food, beverages, and tobacco.
These categories collectively experienced a 4.6 percent rise from April 2024, making them the largest contributors to the overall price increase.
Among these, the cost of coffee, tea, cocoa and spices saw a significant spike, soaring 32.2 percent compared to the previous year.
Additionally, sugar, confectionery and bakery products rose by 16.6 percent while milk, milk products, eggs, edible fats and oils were 9.1 percent more expensive than in April 2024.
Conversely, prices in the wholesale markets for solid fuels and mineral oil products saw a notable decline, dropping 8.4 percent year-on-year.
Other categories that experienced downward trends included computers and peripheral equipment, which fell 5.8 percent and iron, steel and ferrous semi-finished metal products, down 4.4 percent.
Looking at the month-to-month changes, wholesale prices in April fell 0.1 percent compared to March.
This was below the anticipated 0.2 percent increase, indicating a modest but unexpected monthly decline.
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