Plus   Neg

Germany's Wholesale Prices Fall At Slower Pace

Germany's wholesale prices continued to fall in June, but the pace of decline slowed, data from Destatis revealed on Monday.

Wholesale prices dropped 3.3 percent annually in June after easing 4.3 percent in May. This was the fifth consecutive decrease in prices.

On a monthly basis, wholesale prices advanced 0.6 percent in June, offsetting a 0.6 percent fall in May. Prices climbed for the first time since February.

Data showed that petroleum product prices decreased 23.4 percent on month, while mineral oil product prices grew 8.9 percent.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT