German wholesale prices decreased 0.1% annually in July, with chemical and iron, steel products contributing to the decline.
In July, German wholesale prices decreased 0.1% annually, slowing the decline since May 2023. Monthly, prices rose 0.3% offsetting the June drop. Chemical and iron, steel products contributed to the decline, with 8.4% and 7.7% decreases respectively. Economists predicted a 0.2% growth, which was slightly surpassed.
August 12, 2024
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