Forex News

German wholesale price inflation eased in December

Wholesale prices in Germany rose at a slower pace in December, as evidenced by data from Destatis, published on Monday.
Wholesale price inflation slowed to 2.5 percent from 3.5 percent in November.
The rise in wholesale prices was largely influenced by the increase in prices for petroleum products by 10.9 percent. According to data from the agency, prices for cereals, fresh leaves of tobacco, seeds and animal feed increased by 17.6 percent each.
On a monthly basis, wholesale prices fell 1.2 percent after rising 0.2 percent in November.
For the entire 2018, wholesale prices increased by 2.7 percent.