Press release No. 016 of 12 January 2022
Wholesale selling prices, December 2021
+0.2% on the previous month
+16.1% on the same month a year earlier
Wholesale selling prices, 2021
+9.8% on an annual average in 2021 compared to 2020
WIESBADEN – In 2021 the average index of selling prices in wholesale trade was 9.8% higher than the average index of 2020. As reported by the Federal Statistical Office (Destatis), this was largely due to the higher annual average prices for mineral oil products (+32,0%) and for metals and metal ores (+44.3%). This was also influenced by a base effect due to the low price levels for many raw materials in 2020 in the context of the corona crisis.
Increased annual average selling prices in wholesale trade of waste and scrap (+74.2), as well as grain, unmanufactured tobacco and seeds (+21.8%) also contributed to the higher annual average index in 2021.
Wholesale selling prices in December 2021: +16.1% on December 2020
In December 2021 the selling prices in wholesale trade were 16.1% higher than in December 2020. In November 2021 and in October 2021 the annual rates of change had been +16.6% and +15.2%, respectively.
From November 2021 to December 2021, the index rose by 0.2%.
The high rates of change for wholesale prices mainly derive from increased prices for raw materials and intermediate products. The largest impact in December 2021 had the increased prices for mineral oil products (+50.6%).
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 "Corona statistics" 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.
