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Wholesale prices in September 2023: -4.1% on September 2022
In September 2023, the selling prices in wholesale trade were 4.1% lower than in September 2022. The Federal Statistical Office (Destatis) also reports that this represents the largest year-on-year decrease in prices recorded since May 2020 (-4.3% from May 2019). As in the previous months, the decline is primarily due to a base effect originating from the large price increases in 2022 as a result of the war in Ukraine. Compared with the previous month, wholesale prices were up 0.2% in September 2023. At 19.8%, the steep drop in prices in the wholesale of mineral oil products had the biggest impact on the overall ... (full story)