Germany's wholesale price inflation slowed for the second consecutive month in March, data released by the Federal Statistical Office showed Wednesday.
The wholesale price index increased 2.2 percent on an annual basis in March, slower than the 2.6 percent growth seen in February. In January and December, the index rose 3 percent each.
Wholesale prices of solid fuels and petroleum products climbed 6.6 percent during the month, contributing significantly to the overall growth. Prices of meat and meat products advanced 7.2 percent year-on-year, while prices of ores, metals and semi-finished metal declined 5.9 percent.
There was a 6.1 percent annual decrease in wholesale prices of grain, non-processed tobacco, seeds and animal feeds during the month, the agency said.
Month-on-month, wholesale prices moved up 0.9 percent in March, following the previous month's 1 percent growth.
by RTT Staff Writer
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