German wholesale prices up 8.8%, the fastest rise since 2023
German wholesale prices rose 8.8% from a year earlier in October, driven mostly by oil products, which cost 47.6% more.
الحدث: 13 نوفمبر 2026
المصدر الأساسي: 13 نوفمبر 2026
نُشر هنا: 13 نوفمبر 2026 في 08:57 ص UTC
اقرأ: 1 دقيقة
ماذا حدث
Germany's statistics office said wholesale prices rose 8.8% in October from October last year and 0.4% from September. The yearly rise was 8.7% in September and 6.8% in August. Only February 2023 was higher (9.5%).
لماذا يهمك
Wholesale prices are what shops and factories pay for goods. Rises there reach consumers over time. High inflation in the euro area's biggest economy makes it harder for the ECB to cut rates, which moves the euro and European stocks.
ماذا تتحقق منه وتراقبه
Final euro area consumer inflation and the next ECB decision. Watch whether oil product prices start to fall.
أين يحدث ذلك
LIVEاسحب للتدوير. النقاط الخضراء: البورصة تتداول الآن (الساعات العادية، دون احتساب العطل). الظل: حيث الليل الآن. الحدود: Natural Earth، الزلازل: USGS. فكرة الطبقات: God’s Eye View (MIT).
What happened. Destatis published its wholesale price index for October 2026. Prices rose 8.8% on the year after 8.7% in September and 6.8% in August. On the month they rose 0.4%. The last higher yearly rise was in February 2023, at 9.5%.
What pushes prices. The office links the rise to the conflict around Iran and the Middle East, which made energy more expensive. Oil products cost 47.6% more than a year ago at wholesale. Grain, tobacco, seeds and animal feed rose 21.2%, chemicals 18.6%, non-ferrous metals 13.8%, computers and equipment 13.4%.
What got cheaper. Live animals fell 15.8% on the year, coffee, tea, cocoa and spices 8.4%, and milk, dairy, eggs and edible oils 7.1%.
What it means. Wholesale prices sit between producers and shops. If they keep rising, shops usually raise prices too. That is our view, Destatis gives no forecast.
حقائق مؤكدة
- German wholesale prices rose 8.8% in October 2026 from October 2025 and 0.4% from September.[1][2]
- The yearly rise was 8.7% in September and 6.8% in August.[1]
- The last higher rise was in February 2023: 9.5%.[1]
- Destatis links the rise to the conflict around Iran and the Middle East and higher energy prices.[1]
- Oil products rose 47.6% on the year and 0.9% on the month.[1]
- Grain, unmanufactured tobacco, seeds and animal feed rose 21.2%, chemicals 18.6%, non-ferrous metals 13.8%, computers and peripherals 13.4%.[1]
- Live animals fell 15.8%, coffee, tea, cocoa and spices 8.4%, milk, dairy, eggs and edible oils 7.1%.[1]
التبعات
- مؤكدThe yearly wholesale price rise has sped up for a third month in a row.
- قراءتناWholesale increases may reach German shop prices over time.
- قراءتناHigh German inflation makes ECB rate cuts harder.
لا يزال مجهولًا
- How fast wholesale increases reach consumers.
- What oil and gas prices do in November.
من يتأثر
Germany, Europe. People who follow the euro, European stocks and the ECB rate
المصادر
- Destatis: Wholesale prices in October 2026: +8.8% on October 2025 13 نوفمبر 2026 · رسمي
- Investing.com: German wholesale prices climb 8.8% in October 13 نوفمبر 2026 · إعلام
الغلاف: رسم Freekonomist، صورة رمزية، لا صورة للحدث. هذا شرح إخباري، لا نصيحة مالية.
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