German wholesale prices in November 2024 were 0..6% lower than in November 2023, according to the Federal Statistical Office (Destatis) on Friday. Compared to October 2024, prices remained the same in November. The main reason for the overall decline in wholesale prices was the significant drop in mineral oil products (-10.9%).
Prices for data processing and peripheral devices (-6.3%), iron, steel, and semi-finished products (-5.4%), and flat glass (-3.9%) were also lower than in the previous year.
On the other hand, prices for coffee, tea, cocoa, and spices increased by 25.4%, and those for non-ferrous metals and semi-finished products rose by 22.7%. Prices for sugar, confectionery, and baked goods increased by 10.9%, and those for milk, dairy products, eggs, edible oils, and fats rose by 6.8%. The price of recycled materials and waste also increased by 5.2%.