Germany Wholesale Prices Continue To Fall In October

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Germany’s wholesale prices continued to decline in October, data from Destatis revealed on Friday.

The wholesale price index declined 1.9 percent annually in October, following a 1.8 percent fall in September. In August, prices decreased 2.2 percent.

Prices of petroleum products declined 17.8 percent yearly in October, while prices of grain, raw tobacco, seed and animal feed rose 5.1 percent.

On a monthly basis, wholesale prices fell 0.2 percent in October, after remaining unchanged in September. In August, the wholesale prices fell 0.4 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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