Sep 15, 2022 02:15AM ET
By:AnalysisWatch
The Federal Statistical Office reported Thursday that German wholesale prices rose slightly in August compared with the previous month, with a rise in dairy products and fats as the driving factor.
Prices for dairy products, eggs, and edible oils and fats rose by 2.4% month-on-month, while those for scrap metal and residual materials fell by 5.1%and those for and those for ores, metals,metals, and semi-finished metal products by 4.7%.
On a year-on-year basis, wholesale price increases in Germany slowed for the fourth consecutive month, rising by 18.9% in August, according to the statistics office.