German wholesale prices fell 0.7% YoY in May, mainly due to lower chemical product prices.

German wholesale prices fell 0.7% in May compared to the same month last year, largely due to lower prices for chemical products, according to the federal statistics office. Monthly figures show an increase in wholesale prices for grain, unmanufactured tobacco, seeds, and animal feeds (+3.4%), but this is offset by lower prices for chemical products (-0.9%) and metal products (-0.5%).

June 13, 2024
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