Press release No. 428 of 15 November 2024
Wholesale selling prices, October 2024
-0.8% on the same month a year earlier
+0.4% on the previous month
WIESBADEN – In October 2024, the selling prices in wholesale trade were 0.8% lower than in October 2023. Compared with the same month a year earlier, the rate of change was -1.6% in September 2024, and -1.1% in August 2024. The Federal Statistical Office (Destatis) also reports that wholesale prices in October 2024 rose by 0.4% on September 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 October 2024 were lower prices in the wholesale of mineral oil products (-11.5%). Compared with September 2024, however, these prices rose by 2.1%. Lower year-on-year wholesale prices were also recorded in particular for iron, steel and ferrous semi-finished metal products (-5.3%), computers and peripheral equipment (-4.9%) and chemical products (-4.6%).
By contrast, the wholesale prices of coffee, tea, cocoa and spices (+26.0%) were higher than in October 2023, as were the wholesale prices of non-ferrous ores, non-ferrous metals and non-ferrous semi-finished metal products (+24.0%). In October 2024, sugar, confectionery and bakery products (+9.9%), waste and scrap (+8.3%) and metals and metal ores (+6.2%) were also 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 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.
Important information regarding the GENESIS-Online database:
After leaving the beta phase, our database's new user interface has been available as the main interface version since 5 November 2024. The new interface offers faster data retrieval and intuitive table search and customisation options. There have also been 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.
