Economic Buzz: German wholesale price index surges 8.8% on year

The selling prices in German wholesale trade were 8.8% higher in October 2026 than in October 2025. Compared with the same month a year earlier, the rate of change was 8.7% in September 2026, and 6.8% in August 2026, official data showed today. A higher price increase than that in October 2026 was last recorded in February 2023 (+9.5% on February 2022). The price increase registered in October 2026 was still attributable to the conflict in Iran and the Middle East, which resulted in higher wholesale prices of energy products, in particular. The Federal Statistical Office (Destatis) also noted that wholesale prices in October 2026 were up 0.4% on September 2026. The main reason for the year-on-year increase in wholesale prices (total) in October 2026 was the increase in the prices of mineral oil products, with prices up 47.6% from October 2025. Compared with September 2026, prices rose by 0.9%.

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