Germany Wholesale Prices Rise at Softer Pace

2026-06-15 06:13 By Farida Husna 1 min. read

Germany's wholesale prices increased 5.9% year-on-year in May 2026, easing from a 6.3% rise in April, which had marked the strongest annual increase since February 2023.

Despite the slowdown, wholesale inflation extended its upward trend for an 18th consecutive month, largely reflecting the impact of Middle East hostilities on commodity markets.

Prices continued to surge for petroleum products (30.5%) and non-ferrous ores, metals, and related semi-finished products (36.1%).

Further increases were seen in chemical products (13.3%), flowers and plants (8.5%), and iron, steel, and semi-finished products (6.7%).

Meanwhile, prices fell for coffee, tea, cocoa, and spices (-10.7%), live animals (-10.1%), and milk, dairy products, eggs, edible oils, and fats (-8.1%).

On a monthly basis, wholesale prices dropped 0.6%, reversing April's 2.0% increase and marking the first monthly decline since December, compared with market expectations for a 0.8% rise.



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Germany Wholesale Prices Rise at Softer Pace
Germany's wholesale prices increased 5.9% year-on-year in May 2026, easing from a 6.3% rise in April, which had marked the strongest annual increase since February 2023. Despite the slowdown, wholesale inflation extended its upward trend for an 18th consecutive month, largely reflecting the impact of Middle East hostilities on commodity markets. Prices continued to surge for petroleum products (30.5%) and non-ferrous ores, metals, and related semi-finished products (36.1%). Further increases were seen in chemical products (13.3%), flowers and plants (8.5%), and iron, steel, and semi-finished products (6.7%). Meanwhile, prices fell for coffee, tea, cocoa, and spices (-10.7%), live animals (-10.1%), and milk, dairy products, eggs, edible oils, and fats (-8.1%). On a monthly basis, wholesale prices dropped 0.6%, reversing April's 2.0% increase and marking the first monthly decline since December, compared with market expectations for a 0.8% rise.
2026-06-15
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%.
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Germany Wholesale Prices Rise the Most in 3 Years
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.
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