-
Wholesale prices in November 2023: -3.6% on November 2022
In November 2023, the selling prices in wholesale trade were 3.6% lower than in November 2022. The Federal Statistical Office (Destatis) reports that the change on the previous year was -4.2% in October 2023 and -4.1% in September 2023. 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 October 2023, wholesale prices decreased slightly by 0.2% in November 2023. The steep drop in prices in the wholesale of mineral oil products (-13.9%) had the biggest impact on the overall development of wholesale ... (full story)