Press release No. 203 of 16 May 2022
Wholesale selling prices, April 2022
+23.8% on the same month a year earlier
+2.1% on the previous month
WIESBADEN – In April 2022, the selling prices in wholesale trade rose by 23.8% compared with April 2021. As reported by the Federal Statistical Office (Destatis), this was the highest annual rate of change since the beginning of the calculation of the wholesale price indices in 1962. The annual rates of change in March 2022 and in February 2022 had been +22.6% and +16.6%, respectively.
The impact of the war in Ukraine on wholesale selling prices was observed in April 2022 especially in wholesale with raw materials and energy sources, but also with various food products.
The high annual rate of change for wholesale prices mainly derives from increased prices for raw materials and intermediate products. The largest impact on the annual rate of change in April 2022 had the price increase in wholesale trade of mineral oil products (+63.4%). The high price increase in wholesale trade of solid fuels (+70.9%), grain, unmanufactured tobacco, seeds etc. (+56.3%) as well as metals and metal ores (+55.7%) also contributed to the high rate of change in April 2022.
Monthly rate of change 2.1% in April 2022
Following the remarkably high monthly rate of change in March 2022 (+6.9% on February 2022), the index of selling prices in wholesale trade rose by 2.1% from March 2022 to April 2022. The highest monthly rates of change in April 2022 were recorded in wholesale trade of live animals (+23.9%) as well as meat and meat products (+9.6%). Selling prices in wholesale trade of mineral oil products were 3.6% lower in April 2022 compared to March 2022, after them being the main driving force for the record high of the rate of change in the previous month.
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.
The wholesale selling prices form part of the Crisis Monitor (www.destatis.de/krisenmonitor), by means of which the Federal Statistical Office compares the development of major short-term indicators in the Covid-19 crisis and the financial and economic crisis of 2008/2009. They can also be found on the Corona Statistics webpage (www.destatis.de/corona) and in the Dashboard Germany (www.dashboard-deutschland.de), together with other indicators which can be used to assess the economic consequences of the Covid-19 pandemic. The Dashboard Germany portal of the Federal Statistical Office combines up-to-date indicators of official statistics and of other data providers on the topics of economy and finance as well as health and mobility.
Russia’s attack on Ukraine and the related sanctions have an impact on many parts of the economy and society. We have compiled data and information on the subject for you on a special webpage.
