Germany Wholesale Prices

Data Prices

Source: Destatis
Source Link: https://www.destatis.de/
Frequency: Monthly
Next Release(s): September 15th, 2025 2:00 AM

Latest Updates

Germany’s wholesale prices fell -0.1% MoM but rose 0.5% YoY in July 2025, easing from +0.9% YoY in June.
- Food, beverages, and tobacco prices rose 3.5% YoY, with strong gains in coffee, tea, cocoa & spices (+16.0%), bakery products (+15.0%), and meat (+9.4%).
- Non-ferrous ores, metals, and semi-finished products jumped +17.6% YoY but fell -1.5% MoM.
- Solid fuels and mineral oil products declined -5.7% YoY but rose +2.0% MoM.
- Waste and scrap prices fell -9.0% YoY, iron & steel products -5.6% YoY, and computers & peripherals -4.8% YoY.
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Germany’s wholesale prices rose 0.2% MoM and 0.9% YoY in June 2025, up from +0.4% YoY in May and +0.8% YoY in April.
- Food, beverages, and tobacco prices rose +4.2% YoY, driven by coffee, tea, cocoa, and spices (+26.2%) and bakery products (+18.2%).
- Milk, dairy, eggs, and edible oils rose +8.8% YoY.
- Non-ferrous ores and metals jumped +20.5% YoY.
- Mineral oil and solid fuel prices declined -5.9% YoY.
- Other notable declines: waste and scrap (-6.1% YoY), iron and steel products (-5.4% YoY), and computers and peripherals (-5.0% YoY).
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Germany’s wholesale prices fell -0.3% MoM in May 2025 after holding steady in April, while the YoY rate eased to +0.4% from +0.8% in April and +1.3% in March.
- Food, beverages, and tobacco prices rose +4.3% YoY, led by coffee, tea, cocoa, and spices (+38.4%) and bakery products (+17.1%).
- Milk, eggs, and fats increased +8.9% YoY.
- Non-ferrous ores and related metals jumped +19.5% YoY.
- Mineral oil and solid fuel prices dropped -8.5% YoY.
- Computer equipment (-6.0% YoY) and iron and steel products (-4.8% YoY) continued to decline.
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Germany’s wholesale prices fell -0.1% MoM (vs 0.2% MoM expected) in April, following a 0.0% MoM change in March, while the YoY rate eased to +0.8% from +1.3% in March and +1.6% in February.
- Food, beverages, and tobacco wholesale prices rose +4.6% YoY, with standout gains in coffee, tea, cocoa, and spices (+32.2%) and sugar and bakery products (+16.6%).
- Milk, eggs, and fats rose +9.1% YoY, while non-ferrous metals and ores surged +21.3% YoY.
- Prices for mineral oil products fell -8.4% YoY, continuing to weigh on the overall index.
- Declines were also recorded in wholesale prices for computers and peripheral equipment (-5.8% YoY) and for iron, steel, and related products (-4.4% YoY).
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Germany’s wholesale prices fell -0.2% MoM in March, below expectations of a 0.2% MoM increase, and the annual rate eased to 1.3% YoY from 1.6% YoY in February.
- Wholesale prices of food, beverages, and tobacco (+4.4% YoY) are still the main reason for the headline annual gain.
- Additionally, wholesale prices of non-ferrous ores, non-ferrous metals and non-ferrous semi-finished metal products are up substantially (+27.3% YoY).
- Wholesale prices of mineral oil products, which includes energy goods, are down -3.0% YoY.
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German wholesale prices were up 0.6% MoM and 1.6% YoY in February, well above expectations of 0.2% MoM and 0.2% YoY increases.
- This is the highest annual wholesale inflation since April 2023. The last two monthly rates are the highest since September 2022.
- Food (+4.4% YoY) and non-ferrous ores, metals, and semi-finished metal products (+29.7% YoY) were the segments that contributed the most to the rise in wholesale prices.
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German wholesale prices were up 0.9% MoM and 0.9% YoY in January, up from 0.1% YoY in December.
- The main reason for the rise is 24.4% YoY rise in wholesale prices of non-ferrous ores, non-ferrous metals and non-ferrous semi-finished metal products.
- In contrast, the wholesale prices of iron, steel and ferrous semi-finished metal products (-6.3% YoY) and of computers and peripheral equipment (-6.2% YoY) were much lower.
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German wholesale prices were up 0.1% MoM (vs 0.1% MoM expected) and 0.1% YoY in December. On average in 2024, wholesale prices were down -1.3% compared to 2023. Energy prices had a major impact on the decline, as mineral oil products were down -5.4%, but lower wholesale prices were also seen in iron, steel and ferrous semi-finished metal products (-10.0%), grain, unmanufactured tobacco, seeds & animal feeds (-8.6%), and live animals (-4.0%).

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German wholesale prices did not change in November despite expectations that there would be a slight increase. On an annual basis, wholesale prices were down -0.6% YoY, similar to the -0.8% YoY reading in October. Lower mineral oil product prices were the main reason for the drop, down -10.9% YoY. Computer parts (-6.3% YoY), iron, steel & ferrous semi-finished metal products (-5.4% YoY), and flat glass (-3.9% YoY) were other areas of softness.

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