In June 2023, the selling prices in wholesale trade were 2.9% lower than in June 2022. The Federal Statistical Office (Destatis) reports that this represents the largest year-on-year decrease in prices recorded since June 2020 (-3.3% from June 2019). The year-on-year rate of change was -2.6% in May 2023, and -0.5% in April 2023. Compared with the previous month, wholesale prices were down 0.2% in June 2023. At -22.7%, the steep drop in prices in the wholesale of mineral oil products had the biggest impact on the overall development of wholesale prices in June 2023 compared with June 2022. Prices in this branch of ... (full story)