Germany Wholesale Prices Rise the Most in Over 3 Years

Germany’s wholesale prices surged 6.3% year-on-year in April 2026, accelerating from a 4.1% growth in the prior month and marking the 17th consecutive increase. It was also the fastest rise since February 2023, driven by a 37.3 jump in prices of petroleum products and a 40.2% climb in the cost of non-ferrous ores, non-ferrous metals, and related semi-finished products. Prices were also higher for flowers and plants (9.3%) and chemical products (7.3%). In contrast, prices declined for milk, dairy products, eggs, edible oils and edible fats (-7.8%), and coffee, tea, cocoa, and spices (-7.5%). On a monthly basis, wholesale prices increased 2.0%, slowing from March's 2.7% despite exceeding market forecasts of 1%.

Germany’s wholesale prices surged 4.1% year-on-year in March 2026, accelerating from a 1.2% growth in the prior three months and marking the 16th consecutive increase. It was also the fastest rise since February 2023, driven by a 17.8 jump in prices of petroleum products and a 48.4% climb in the cost of non-ferrous ores, non-ferrous metals, and related semi-finished products. Prices were also higher for sugar, confectionery, and baked goods (6.1%), and tobacco products (5.9%). In contrast, prices declined for coffee, tea, cocoa and spices (-8.9%), milk, dairy products, eggs, edible oils and edible fats (-8.3%), flour and cereal products (-5.8%), and grain, unmanufactured tobacco, seeds and animal feeds (-3.4%). On a monthly basis, wholesale prices increased 2.7%, picking up from 0.6% in February and topping market estimates of a 0.4% rise.

Germany’s wholesale prices rose 1.2% year-on-year in February 2026, matching the pace recorded in the previous two months and marking the 15th consecutive increase. The sustained growth was largely driven by a sharp jump in prices for non-ferrous ores, non-ferrous metals, and related semi-finished products, which surged 44.9%. Meanwhile, costs for food, beverages, and tobacco gained 0.8%, led by sugar, confectionery, and baked goods (9.1%) and meat and meat products (3.7%). In contrast, prices declined for cereals, raw tobacco, seeds, and animal feed (-7.4%), along with milk, dairy products, eggs, edible oils, and edible fats (-6.6%). On a monthly basis, wholesale prices went up 0.6%, slowing from 0.9% in January but exceeding market forecasts of a 0.4% rise.