German wholesale prices rise 8.7% in September, led by mineral oil
Destatis reports wholesale selling prices in Germany up 8.7% on the year in September and 1.9% on August. Mineral oil products were 48.8% dearer than a year earlier.
Destatis reported on 14 October 2026 that wholesale selling prices in Germany were 8.7% higher in September than a year earlier, and 1.9% higher than in August. The annual rate was 6.8% in August.
What drove it
- Mineral oil products: 48.8% dearer than a year earlier, the largest single contributor
- Monthly change: +1.9%
The release measures what wholesalers charge, which sits between producer prices at the factory gate and consumer prices in the shops. Changes in wholesale prices can reach retailers within months, though firms may absorb part of the change.
Reading it
With energy prices pushing up the total, the wholesale figure gives an early view of the pressure that reaches consumers. The German producer price report published on 20 October shows the same energy pattern at the factory gate. The German CPI report showed inflation of 3.3% in September.
For how inflation feeds into currency moves, see how inflation moves currencies. Live prices: EUR/USD.
Sources
Common questions
How much did German wholesale prices rise in September 2026?
Destatis reports selling prices up 8.7% on the year and 1.9% on the month.
What drove the German wholesale price rise?
Mineral oil products were the largest contributor, at 48.8% above September 2025.
How do wholesale prices differ from producer prices?
Wholesale prices cover what wholesalers charge, while producer prices cover what manufacturers receive for goods they make and sell domestically.
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