empty

2022.05.1608:53:00UTC+00Germany Wholesale Price Inflation Strongest Since 1962

Germany's wholesale price inflation hit a fresh record high in April on high raw materials and energy prices, data published by Destatis showed on Monday.

Wholesale price inflation advanced to 23.8 percent in April from 22.6 percent in March. This was the biggest rate since records began in 1962.

The impact of the war in Ukraine on wholesale prices was observed in April especially in wholesale with raw materials and energy sources, but also with various foods, Destatis said.

Wholesale prices of mineral oil products grew sharply by 63.4 percent and that of solid fuels gained 70.9 percent.

On a monthly basis, wholesale prices grew 2.1 percent, much slower than the 6.9 percent increase posted in March. The increase was largely driven by food product prices.



Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.