Press release No. 479 of 12 October 2021
Wholesale selling prices, September 2021
+0.8% on the previous month
+13.2% on the same month a year earlier
WIESBADEN – In September 2021 the selling prices in wholesale trade rose by 13.2% compared with September 2020. This was the highest monthly annual rate of change since June 1974 after the first oil crisis (+13.3% compared with June 1973). In August 2021 and in July 2021 the annual rates of change had been +12.3% and +11.3%, respectively.
From August 2021 to September 2021 the index rose by 0.8%.
The high rates of change for wholesale prices in annual comparison derive from increased prices for raw materials and intermediate products, as well as a base effect due to last years very low price levels in the context of the corona crisis.
Crisis monitor allows comparison between corona crisis and financial and economic crisis
The index of the wholesale prices is also part of the "Crisis monitor", which is used by the Federal Statistical Office to compare the development of major short-term indicators between the corona crisis and the financial and economic crisis of 2008/2009. The "Crisis monitor" complements the "Corona statistics" webpage, which has provided statistical information on the economic and social consequences of the corona pandemic since early April 2020.
More detailed data and long time series are available in table Index of wholesale prices (61281-0002 and 61281-0004) in the GENESIS-Online database.
