Berlin, Feb. 14, (dpa/GNA) - Germany’s wholesale prices increased at the slowest pace in 21 months in January, national statistics bureau Destatis reported on Tuesday.
The wholesale price index rose 10.6% year-on-year in December, slower than the 12.8% rise in November.
This was the slowest rate since April 2021, when prices had grown 9.7%.
Nonetheless, wholesale price inflation continued to remain in double-digits.
The highest annual price growth occurred in the category of food, beverage and tobacco, rising 16.2%.
Prices for solid fuel and mineral oil products surged 13.1%.
Month-on-month, wholesale prices increased 0.2%, reversing a 1.6% fall in December. This was the first rise in four months.
GNA