Tuesday, May 17, 2022

Germany Wholesale Price Inflation Hits 23.8%, Highest Since 1962

From RTTNews via Business Insider, May 16:

Germany's wholesale price inflation hit a fresh record high in April on high raw materials and energy prices, data published by Destatis showed on Monday.

Wholesale price inflation advanced to 23.8 percent in April from 22.6 percent in March. This was the biggest rate since records began in 1962.

The impact of the war in Ukraine on wholesale prices was observed in April especially in wholesale with raw materials and energy sources, but also with various foods, Destatis said....

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HT the numbers were out: Trading Economics.