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Financial News: Germany's Wholesale Prices Continue To Fall

Germany's Wholesale Prices Continue To Fall

10/12/2020 - 02:34:00 (RTTNews)

(RTTNews) - Germany's wholesale prices continued to decrease in September, data from Destatis revealed on Monday.

Wholesale prices fell 1.8 percent year-on-year in September but slower than the 2.2 percent decline posted in August. Prices have been falling since February.

On a monthly basis, wholesale prices remained flat after falling 0.4 percent in August.

The annual fall was largely driven by a 17.1 percent decrease in wholesale prices of petroleum products. Meanwhile, wholesale prices of grains, animal feed, fruits, vegetables and tobacco products increased from last year.

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