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Germany's Dec Wholesale Price Inflation Remains At 3.2%

Germany's wholesale prices rose 3.2 percent year-on-year in December, the same rate of growth as seen in November, the Federal Statistical Office reported Monday. Economists had forecast the annual rate to edge up to 3.3 percent.

On a monthly basis, the wholesale price index remained flat, following a 0.7 percent fall in November, data showed. The index was expected to gain 0.1 percent.

For the whole year of 2012, the index of selling prices in wholesale trade climbed 2.8 percent on an annual average, which was considerably slower than the 7.5 percent increase in 2011.

by RTTNews Staff Writer

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