The wholesale price inflation in Germany slowed for a fifth month in a row to 8.9 percent year-on-year in February 2023, the lowest rate since April 2021 and down from 10.6 percent in the previous month. Still, the latest number suggested inflationary pressure in Europe's largest economy remained high, mostly on the back of higher prices for food, beverages and tobacco (16.8 percent), especially for milk, dairy products, eggs, edible oils and fats (25.6 percent), meat and meat products (21.4 percent), sugar, confectionery and bakery products (21.4 percent) as well as for fruit, vegetables and potatoes (18.2 percent). Additional upward pressure came from living animals (51.0 percent), building materials and elements (21.9 percent) and machines, equipment and supplies (11.3 percent). On a monthly basis, wholesale prices inched 0.1 percent higher in February, following a 0.2 percent increase in January. source: Federal Statistical Office
Wholesale Prices YoY in Germany averaged 2.52 percent from 1969 until 2023, reaching an all time high of 23.80 percent in April of 2022 and a record low of -10.60 percent in July of 2009. This page includes a chart with historical data for Germany Wholesale Prices YoY. Germany Wholesale Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Wholesale Prices YoY in Germany is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Wholesale Prices YoY is projected to trend around 2.20 percent in 2024 and 1.80 percent in 2025, according to our econometric models.