Economic Buzz: Germany Wholesale Inflation Eases In June

14 Jul 2022 , 02:35 PM

Germanys wholesale price inflation eased for the second straight month in June, though it remained strong overall, data from Destatis revealed. The wholesale price index climbed 21.2 percent year-year-year in June, slower than the 22.9 percent rise in May. The annual price growth in June was largely driven by increased prices for raw materials and intermediate goods. Wholesale prices of mineral oil products grew sharply by 62.0 percent and that of solid fuels surged 80.9 percent. On a monthly basis, wholesale prices edged up 0.1 percent in June, following a 1.0 percent gain in the preceding month.Powered by Commodity Insights