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Wholesale prices in July 2022: +19.5% on July 2021
The selling prices in wholesale trade were 19.5% higher in July 2022 than in July 2021. The Federal Statistical Office (Destatis) reports that, compared with the previous month, wholesale prices decreased by 0.4% in July 2022. The high annual rate of change for wholesale prices mainly derives from increased prices for raw materials and intermediate products. The largest impact on the annual rate of change in July 2022 had the price increase in wholesale trade with mineral oil products (+53.8%). The high price increase in wholesale trade with solid fuels (+92.9%), grain, unmanufactured tobacco, seeds etc. (+33.4%) as ... (full story)