Press release No. 394 of 15 October 2024
Wholesale selling prices, September 2024
-1.6% on the same month a year earlier
-0.3% on the previous month
WIESBADEN – In September 2024, the selling prices in wholesale trade were 1.6% lower than in September 2023. Compared with the same month a year earlier, the rate of change was -1.1% in August 2024, and -0.1% in July 2024. The Federal Statistical Office (Destatis) also reports that wholesale prices in September 2024 fell by 0.3% on August 2024.
Lower prices for mineral oil products, higher prices for coffee and cocoa
The main reason for the year-on-year decrease in wholesale prices (total) in September 2024 were lower prices in the wholesale of mineral oil products (-14.6%). Compared with August 2024, these prices dropped by 4.5%. Year on year, lower prices were also reported in the wholesale of live animals (-5.8%), iron, steel and ferrous semi-finished metal products (-5.8%) and computers and peripheral equipment (-5.2%).
By contrast, the wholesale prices of coffee, tea, cocoa and spices were higher (+24.2%) than in September 2023, as were the wholesale prices of non-ferrous ores, non-ferrous metals and non-ferrous semi-finished metal products (+15.8%). In September 2024, sugar, confectionery and bakery products (+9.4%), waste and scrap (+8.8%) and tobacco products (+5.6%) also were more expensive at the wholesale level 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 Pulsmesser für die Wirtschaft) (only in German) tool for real-time economic monitoring.
Important information regarding the GENESIS-Online database:
Our database's new user interface will leave the beta phase and go online in the second half of October 2024. The new interface will offer faster data retrieval and intuitive table search and customisation options. There will also be changes to the structure of the machine-readable flat file (CSV) format and the data output format for table downloads. For further details and other important information on the release, please see the info page of the new GENESIS-Online database.
