European Economic News

German Wholesale Prices Fall For Fifth Month

Germany's wholesale prices declined for the fifth consecutive month in December, Destatis reported Tuesday.

Wholesale prices fell 1.8 percent annually, but slower than the 2.2 percent drop posted in November and 2.7 percent decrease seen in October.

On month-on-month comparison, wholesale prices increased for the first time in three months in December. Wholesale prices gained 0.4 percent, reversing the 0.2 percent drop in November.

Cost of solid fuel and related products advanced 1.8 percent from November. Fruit and vegetable prices also rose by 1.8 percent, while grain and unmanufactured tobacco rose 1.2 percent.

Meanwhile, cost of coffee, tea and spices dropped 0.4 percent and that of metal and metal ores slipped 0.2 percent.

In 2013, wholesale prices registered a fall of 0.5 percent on an annual average from the preceding year.

by RTTNews Staff Writer

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