Tourexpi
German wholesale inflation at minus 3 percent in February
Wholesale prices in Germany fell by 3% year-on-year
in February, federal statistics bureau Destatis revealed Wednesday.
Prices went down by 0.1% on a monthly basis,
according to Destatis.
The decline in the prices of mineral oil products
on a yearly basis last month had the biggest impact on wholesale inflation, it
noted.
"Lower year-on-year wholesale prices were
recorded in particular for grain, unmanufactured tobacco, seeds and animal
feeds (-20.8%), chemical products (-15.0%), metals and metal ores (-14.4%),
milk, milk products, eggs, edible fats and oils (-6.1%)," said the bureau.
Destatis added: "By contrast, the wholesale
prices of fruit, vegetables and potatoes (+7.3%) were higher than in February
2023. The prices of beverages (+5.1%) and tobacco products (+5.0%) were also up
at wholesale level in February 2024 compared with a year earlier."
Image
Credit: © AA
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