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.
The material has been provided by InstaForex Company – www.instaforex.com
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