Press release No. 018 of 15 January 2025
Wholesale selling prices, December and full year of 2024
+0.1% on the same month a year earlier
+0.1% on the previous month
-1.3% on an annual average in 2024 compared with 2023
WIESBADEN – The selling prices in wholesale trade were 0.1% higher in December 2024 than in December 2023. Compared with the same month a year earlier, the rate of change was -0.6% in November 2024, and -0.8% in October 2024. The Federal Statistical Office (Destatis) also reports that wholesale prices in December 2024 also rose by 0.1% on November 2024.
Higher prices for non-ferrous ores, non-ferrous metals and non-ferrous semi-finished metal products, and for coffee, tea, cocoa and spices
The main reason for the year-on-year increase in wholesale prices (total) in December 2024 were higher prices in the wholesale of non-ferrous ores, non-ferrous metals and non-ferrous semi-finished metal products (+22.3%).
Coffee, tea, cocoa and spices were also considerably more expensive at the wholesale level (+34.3%), as were sugar, confectionery and bakery products (+11.0%) and milk, milk products, eggs, edible fats and oils (+5.7%).
On the other hand, prices in December 2024 were lower than in December 2023 in the wholesale of computers and peripheral equipment (-6.0%) and in the wholesale of mineral oil products (-6.0% compared with December 2023, but +0.3% on November 2024).
The wholesale prices for iron, steel and ferrous semi-finished metal products were also lower than in December 2023 (-4.9%).
Wholesale prices down 1.3% on an annual average in 2024
On an annual average in 2024, wholesale selling prices fell by 1.3% compared with 2023. In 2023, they were 0.6% higher than a year earlier, and in 2022 they exceeded the previous year's prices by 17.2%. In particular, the drop in prices in the wholesale of mineral oil products (-5.4%) had a considerable impact on the change on the previous year.
Significantly lower prices were also reported in the wholesale of iron, steel and ferrous semi-finished metal products (-10.0%) and in the wholesale of grain, unmanufactured tobacco, seeds and animal feeds (-8.6%). Live animals were also less expensive at the wholesale level in 2024 than in 2023 (-4.0%).
By contrast, the wholesale prices particularly of coffee, tea, cocoa and spices were higher (+15.6%) on an annual average in 2024 than in 2023. Non-ferrous ores, non-ferrous metals and non-ferrous semi-finished metal products were also more expensive on an annual average than in 2023 (+11.8%), as were sugar, confectionery and bakery products (+8.4%).
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 at 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 (only in German) tool for real-time economic monitoring.
