Germany's Wholesale Price Inflation Accelerates

Germany's Wholesale Price Inflation Accelerates

Germany's wholesale price inflation accelerated in August largely driven by fuel cost, the Federal Statistical Office reported Tuesday.

Wholesale price inflation rose to 3.8 percent in August from 3.6 percent in July. This was the fastest increase in wholesale prices since April 2017.

Data showed that prices of solid fuels and petroleum products advanced 17.7 percent from last year.

On a monthly basis, wholesale prices gained 0.3 percent in August, faster than July's 0.1 percent rise.

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