German wholesale selling prices rose by a 47-year high in September, mainly driven by the hikes in prices of raw materials and intermediate products. EWG is up 0.25%.
- Wholesale selling prices surged by 13.2% in September, marking the fastest annual inflation since June 1974 during the first oil crisis.
- The latest inflation print follows 12.3% in August and 11.3% in July.
- The acceleration is attributed to the higher prices of materials and the base effect after the previous year’s price levels were hit by the COVID-19 pandemic
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