10,727.58 TRY BIST 100 BIST 100
36.60 USD USD USD
5.09 CNY CNY CNY
39.76 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
37.05 TRY Interest Interest
70.45 USD Fossil Oil Fossil Oil
33.88 USD Silver Silver
4.94 USD Copper Copper
104.46 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,518.13 TRY Gold (gr) Gold (gr)

High increase in wholesale prices in Germany

Negative economic data comes from every corner of the world, especially from European countries.

High increase in wholesale prices in Germany

According to the data of the German Federal Statistical Office (Destatis), the Wholesale Price Index in Germany increased by 0.8 percent compared to August last month and by 13.2 percent compared to September 2020.

HIGHEST INCREASE IN WHOLESALE PRICES IN GERMANY SINCE THE OIL CRISIS OF 1974

Destatis said in its statement, "The last time the increase was as high as 13.3 percent due to the first oil crisis was in June 1974. In the context of the high annual rate of change in wholesale prices, the increase in raw material and intermediate product prices, and the coronavirus crisis. It is due to the base effect due to the very low price levels in recent years." it was said.

In September, petroleum products increased by 42.3 percent, metal prices increased by 62.8 percent and timber prices increased by 54.6 percent compared to a year ago.

While animal feed prices increased by 23.9 percent on an annual basis last month, there was a 7.1 percent decrease in live animal wholesale prices.

Since wholesale is the nexus between the producer and the end consumer, this development is an indicator for future inflation trends.

Annual inflation in Germany rose to 4.1 percent in September, surpassing 4 percent for the first time in almost 28 years.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Green light for Free Trade Agreement between Ukraine and Türkiye

Friday, March 14, 2025

Türkiye's current account deficit exceeded expectations in January

Wednesday, March 12, 2025

Construction cost index in Türkiye continued to increase in January

Tuesday, March 11, 2025

Turkish manufacturing exports continue to strengthen

Monday, March 10, 2025

Türkiye's Industrial production increased by 1.2% y/y in January

Monday, March 10, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now