Press release No. 518 of 12 November 2021
Wholesale selling prices, October 2021
+1.6% on the previous month
+15.2% on the same month a year earlier
WIESBADEN –In October 2021 the selling prices in wholesale trade rose by 15.2% compared with October 2020. This was the highest annual rate of change since March 1974 after the first oil crisis (+15.8% compared with March 1973). In September 2021 and in August 2021 the annual rates of change had been +13.2% and +12.3%, respectively.
From September 2021 to October 2021 the index rose by 1.6%.
The high rates of change for wholesale prices in annual comparison derive from increased prices for raw materials and intermediate products. The largest impact on the year-on-year price rate in wholesale trade had the increased prices for mineral oil products (+54.7%).
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 "Crisis monitor" 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.
