Wholesale price inflation in Germany rose more than expected in July, the latest figures from the Federal Statistical Office showed Monday.
Wholesale price inflation quickened to 2 percent in July from 1.1 percent in June. This was expected to rise to 1.3 percent.
The increase was mainly led by a 4.7 percent jump in wholesale prices of solid fuels and petroleum products.
On a monthly basis, prices increased 0.3 percent against expectations for a 0.4 percent decline. This comes after a 1.1 percent month-on-month decline in June and 0.7 fall in May.
by RTT Staff Writer
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