Press Wholesale prices in March 2023: +2.0% on March 2022

Press release No. 149 of 14 April 2023

Wholesale selling prices, March 2023
+2.0% on the same month a year earlier
+0.2% on the previous month

WIESBADEN – The selling prices in wholesale trade were 2.0% higher in March 2023 than in March 2022. The annual rates of change in February 2023 and in January 2023 had been +8.9% and +10.6%, respectively. The Federal Statistical Office (Destatis) further reports that, compared with the previous month, wholesale prices slightly increased by 0.2% in March 2023.

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The high annual rate of change for wholesale prices mainly derives from increased prices for food, beverages and tobacco (+16.4%), especially for meat and meat products (+20.0%), fruit, vegetables and potatoes (+20.0%), and as well as for milk, dairy products, eggs, edible oils and fats (+19.6%). Also living animals (+37.6%) and building materials and elements (+19.8%) had a large impact on the annual rate of change in March 2023.

More information:

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.

Wholesale prices indices are also available in the Dashboard Germany (www.dashboard-deutschland.de) (only in german). This data portal of the Federal Statistical Office combines up-to-date indicators of official statistics and from other data providers on the topics of economy and finance as well as health and mobility. A tool also available there is the Economic Pulse Monitor (Pulsmesser für die Wirtschaft) (only in german). It can be used for real-time monitoring of the economic development.

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