Wholesale prices in Germany experience the largest decline in the past four months.

In August 2024, wholesale prices in Germany fell by 1.1% compared to the same month last year, further declining from 0.1% in the previous month.

This marks the 16th consecutive month of producer price decline and the largest decrease since April.

The decline in prices of petroleum products (-7.7%), livestock (-8.3%), iron & steel and semi-finished iron products (-6.5%), and chemical products (-5.8%) is the cause.

On the other hand, coffee, tea, cocoa, and spices (19.6%), nonferrous ores, nonferrous metals, and nonferrous semi-finished products (14.7%), waste and scrap (14.4%), sugar, confectionery, and bakery products (9.3%), and tobacco products (5.2%) increased.

On a monthly basis, wholesale prices fell 0.8% in August, following a 0.3% increase in July, compared to market expectations of a 0.1% increase.

Source: Federal Statistical Office.