Ekonomické zprávy
12.11.2021

Germany's wholesale prices rose sharply in October

According to the report from the Federal Statistical Office (Destatis), in October 2021 the selling prices in wholesale trade rose by 15.2% compared with October 2020. This was the highest annual rate of change since March 1974 after the first oil crisis (+15.8% compared with March 1973). In September 2021 and in August 2021 the annual rates of change had been +13.2% and +12.3%, respectively. Compared to the previous month, wholesale prices increased by 1.6% in October 2021.

The high rates of change for wholesale prices in annual comparison derive from increased prices for raw materials and intermediate products. The largest impact on the year-on-year price rate in wholesale trade had the increased prices for mineral oil products (+54.7%).

Podívejte se také