Germany March wholesale price index +0.2% vs +0.1% m/m prior

  • Latest data released by Destatis - 14 April 2023
  • 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

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