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- Germany wholesale prices rose moderately in February
Germany wholesale prices rose moderately in February
Federal Statistical Office (Destatis) said, the selling prices in wholesale trade increased by 1.6% in February 2019 from the corresponding month of the preceding year. In January 2019 and in December 2018 the annual rates of change had been +1.1% and +2.5%, respectively. From January 2019 to February 2019 the index rose by 0.3%.
In February 2019, the price increase in wholesalers of cereals, raw tobacco, seeds and animal feed products increased by 16.5% (-0.5% compared to January 2019).
The prices for fruit and vegetables and potatoes (+ 7.8%) also increased at an above-average rate compared with January 2018. In addition, the price increase of 2.8% for mineral oil products compared to the same month of the previous year contributed significantly to the overall development due to its high weight. In contrast, prices for waste and residual materials (-5.4%) and for computers, peripherals and software (-3.5%) at wholesale level were lower than in February 2018.
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