Financial News: Germany Wholesale Price Inflation At 22-Month Low

03/15/2023 - 04:53:00 (RTTNews)

(RTTNews) - Germany's wholesale prices increased at the slowest pace in nearly two years in February, figues from Destatis showed on Wednesday.

The wholesale price index rose 8.9 percent year-on-year in February, slower than the 10.6 percent rise in January.

This was the slowest rate since April 2021, when prices had grown 7.2 percent.

Further, wholesale price inflation turned to a single-digit figure for the first time in twenty months.

The highest annual price growth occurred in the category of food, beverage and tobacco, rising 16.8 percent.

Building materials, elements, machines, equipment, and supplies also had a large impact on the annual rate of change in February, the agency said.

Month-on-month, wholesale prices edged up 0.1 percent, following a 0.2 percent increase in January, which was the first rise in four months.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

Poland Industrial Output Contracts; Producer Price Inflation At 1-Year Low (17 min(s), 43 sec(s) ago)
(RTTNews) - Poland's industrial production declined for the first time in thirty-three months ...Full Story»

Taiwan Export Orders Continue To Fall In February (01 hr(s), 41 min(s), 43 sec(s) ago)
(RTTNews) - Taiwan's export orders continued to decline in February, data released by the Mini ...Full Story»

Germany Producer Price Inflation Eases To 15.8%, Lowest Since Sep 2021 (03 hr(s), 38 min(s), 43 sec(s) ago)
(RTTNews) - Germany's producer price inflation eased for the fifth straight month in February ...Full Story»

Malaysia Trade Surplus Shrinks To MYR 19.56 Bln (05 hr(s), 05 min(s), 43 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased slightly in February, as imports grew faster th ...Full Story»

European Economic News Preview: Eurozone Foreign Trade Data Due (05 hr(s), 45 min(s), 43 sec(s) ago)
(RTTNews) - Foreign trade from the euro area and producer prices from Germany are the top economic ...Full Story»

China Retains Benchmark Lending Rates As Expected (06 hr(s), 04 min(s), 43 sec(s) ago)
(RTTNews) - China retained its benchmark lending rates for the seventh straight month on Monday af ...Full Story»

China Loan Prime Rate Due On Monday (09 min(s), 17 sec(s) ago)
(RTTNews) - The People's Bank of China will announce its latest loan prime rate numbers, highl ...Full Story»

U.S. Consumer Sentiment Unexpectedly Drops In March, Inflation Expectations Dip (50 min(s), 17 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. fell for the first time in four months in March, accord ...Full Story»