Press release No. 308 of 12 August 2024
Wholesale selling prices, July 2024
-0.1% on the same month a year earlier
+0.3% on the previous month
WIESBADEN – In July 2024, the selling prices in wholesale trade were 0.1% lower than in July 2023. Compared with the same month a year earlier, the rate of change was -0.6% in June 2024, and -0.7% in May 2024. The Federal Statistical Office (Destatis) also reports that wholesale prices in July 2024 rose by 0.3% on June 2024.
Lower prices for chemical products, higher prices for coffee and cocoa
The main reason for the year-on-year decrease in wholesale prices (total) in July 2024 were lower prices in the wholesale of chemical products (-8.4%), which declined by 0.4% compared with June 2024. Year on year, lower prices were also reported in the wholesale of live animals (-9.5%), iron, steel and ferrous semi-finished metal products (-7.7%) and computers and peripheral equipment (-5.5%).
By contrast, the wholesale prices of coffee, tea, cocoa and spices (+19.5%) were higher than in July 2023, as were the wholesale prices of non-ferrous ores, non-ferrous metals and non-ferrous semi-finished metal products (+15.4%). At wholesale level, waste and scrap (+15.2%), sugar, confectionery and bakery products (+9.5%) and tobacco products (+4.7%) also cost more in July 2024 than a year earlier.
More information:
The statistical report (only in German) on the index of wholesale selling prices also includes the latest results. Long time series are available in the tables on the index of wholesale selling prices (61281-0002 and 61281-0004) in the GENESIS-Online database.
Wholesale selling prices are available on Dashboard Germany (www.dashboard-deutschland.de) (only in German). In this data portal, the Federal Statistical Office brings together up-to-date indicators from official statistics producers and other data providers on the topics of the economy, finance, the labour market, construction, housing, energy and Ukraine. The portal also contains the Economic Pulse Monitor (Pulsmesser für die Wirtschaft) (only in German) tool for real-time economic monitoring.
