Germany wholesale prices push higher in April as Middle East conflict reverberates

Wholesale prices +2.0% m/m Prior +2.7% Wholesale prices +6.3% y/y Prior +4.1% It's no surprise as we're seeing this spread through to all parts of the economy, such as producer prices and also in part consumer prices too. The only positive note on the latter is that it hasn't quite spread to core inflation just yet. But as the Middle East conflict drags on, it will only be a matter of time. Circling back to wholesale prices, the jump higher in March and now April are quite noticeable from the chart below. A key reason for the jump is the spike in energy prices, especially in the price of petroleum products. Prices here were 12.7% higher compared to March and on average 37.3% higher compared to April last year. Besides that, the annual estimate comparison also reflects a significant price increase in the wholesale trade of non-ferrous ores, metals, and semi-finished metal products. That was seen higher by 40.2% compared to April last year. This article was written by Justin Low at investinglive.com.