Press release No. 345 of 15 August 2022
Wholesale selling prices, July 2022
+19.5% on the same month a year earlier
-0.4% on the previous month
WIESBADEN – 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 well as with metals and metal ores (+14.9%) also contributed to the high rate of change in July 2022.
More detailed data and long time series are available in table Index of wholesale prices (61281-0002 and 61281-0004) in the GENESIS-Online database.
The wholesale selling prices form part of the Crisis Monitor (www.destatis.de/krisenmonitor), by means of which the Federal Statistical Office compares the development of major short-term indicators in the Covid-19 crisis and the financial and economic crisis of 2008/2009. They can also be found on the Corona Statistics webpage (www.destatis.de/corona) and in the Dashboard Germany (www.dashboard-deutschland.de), together with other indicators which can be used to assess the economic consequences of the Covid-19 pandemic. The Dashboard Germany portal of the Federal Statistical Office combines up-to-date indicators of official statistics and of other data providers on the topics of economy and finance as well as health and mobility.
Russia’s attack on Ukraine and the related sanctions have an impact on many parts of the economy and society. We have compiled data and information on the subject for you on a special webpage.
