Germany Wholesale Price Inflation Fastest Since 1974

Germany's wholesale price inflation accelerated to the fastest since 1974, data from Destatis showed on Tuesday. Wholesale prices grew 13.2 percent annually in September, following August's 12.3 percent increase. Destatis said the last time there was a higher increase than in the same month of the previous year was in June 1974, when wholesale prices rose 13.3 percent in the wake of the first oil crisis. The latest annual growth was largely caused by the sharp increase in many raw materials and intermediate products. Another reason for the increase was the low base of comparison. On a monthly basis, wholesale price inflation rose to 0.8 percent from 0.5 percent in August, data showed. 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. Biotech Stocks Facing FDA Decision In October 2021 Biotech Stocks Facing FDA Decision In September 2021 Biotech Stocks Facing FDA Decision In August 2021

Germany Wholesale Price Inflation Fastest Since 1974

Germany's wholesale price inflation accelerated to the fastest since 1974, data from Destatis showed on Tuesday.

Wholesale prices grew 13.2 percent annually in September, following August's 12.3 percent increase.

Destatis said the last time there was a higher increase than in the same month of the previous year was in June 1974, when wholesale prices rose 13.3 percent in the wake of the first oil crisis.

The latest annual growth was largely caused by the sharp increase in many raw materials and intermediate products. Another reason for the increase was the low base of comparison.

On a monthly basis, wholesale price inflation rose to 0.8 percent from 0.5 percent in August, data showed.

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.

Biotech Stocks Facing FDA Decision In October 2021 PDUFA FDA Pompe Disease

Biotech Stocks Facing FDA Decision In October 2021

Biotech Stocks Facing FDA Decision In September 2021 PDUFA FDA Atopic dermatitis Parkinsons

Biotech Stocks Facing FDA Decision In September 2021

Biotech Stocks Facing FDA Decision In August 2021 FDA PDUFA acne CKD encephalitis

Biotech Stocks Facing FDA Decision In August 2021