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.
Evento: 13 de noviembre de 2026
Fuente primaria: 13 de noviembre de 2026
Publicado aquí: 13 de noviembre de 2026 a las 08:57 UTC
Leer: 1 min
Qué pasó
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%).
Por qué te importa
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.
Qué revisar y vigilar
Final euro area consumer inflation and the next ECB decision. Watch whether oil product prices start to fall.
Dónde está pasando
LIVEArrastra para girar. Puntos verdes: la bolsa está operando ahora mismo (horario normal, sin contar festivos). Sombra: donde ahora es de noche. Fronteras: Natural Earth, terremotos: USGS. Idea de las capas: 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.
Hechos confirmados
- 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]
Implicaciones
- ConfirmadoThe yearly wholesale price rise has sped up for a third month in a row.
- Nuestra lecturaWholesale increases may reach German shop prices over time.
- Nuestra lecturaHigh German inflation makes ECB rate cuts harder.
Todavía no se sabe
- How fast wholesale increases reach consumers.
- What oil and gas prices do in November.
A quién afecta
Germany, Europe. People who follow the euro, European stocks and the ECB rate
Fuentes
- Destatis: Wholesale prices in October 2026: +8.8% on October 2025 13 de noviembre de 2026 · oficial
- Investing.com: German wholesale prices climb 8.8% in October 13 de noviembre de 2026 · medios
Portada: Gráfico de Freekonomist, una imagen simbólica, no una foto del evento. Esta es una explicación de noticias, no asesoramiento financiero.
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