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MIL OSI Translation. Region: Germany / Germany –

Source: Destatis-Federal Statistical Office

Press release no. 261 of 13. July 2020

Wholesale prices, June 20200,6 % month-on-month-a 3.3 % year-on-year month

WIESBADEN – The selling prices in wholesale trade were in June 2020 3.3% lower than in June 2019. As the Federal Statistical office (Destatis) further reports, was the change compared with the year-on-year in may 2020, -4.3%, and in April 2020 in the case of -3.5%. In month-on-month comparison, the wholesale prices increased in June 2020 of 0.6 %.

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The greatest influence on the overall development, compared to the same month last year had products in June 2020, the lower prices in the wholesale of petroleum (-23,4 %). Compared to the previous month in may 2020, the petroleum products being sold were, however, significantly more expensive ( 8,9 %), after prices had fallen since February 2020 due to the crisis to around 30 percent.

Strong price declines compared to the previous year, there was also in the wholesale trade of waste and scrap (-13,3 %), including iron and steel scrap (-16,3 %). Also in the wholesale of live animals (-6,9 %), grain, unmanufactured tobacco, seeds and animal feeds (-4,0 %), as well as data processing equipment, computer peripheral equipment and Software (-3,5 %) were made at prices significantly below the previous year’s level. On the other hand, the prices for tobacco products at the wholesale level higher than in June 2019 ( 4,3 %).

Index of wholesale prices
Year / Month
2015 = 100
Change over previous year-period
Change versus previous month
in %
2015 JD
100,0
-1,1

2016 JD
98,8
-1,2

2017 JD
102,0
3,2

2018 JD
104,8
2,7

2019 JD
104,7
-0,1

2019
June
105,5
0,3
-0,5
July
105,2
-0,1
-0,3
August
104,4
-1,1
-0,8
September
104,0
-1,9
-0,4
October
103,9
-2,3
-0,1
November
103,8
-2,5
-0,1
December
103,8
-1,3
0,0
2020
January
104,8
0,3
1,0
February
103,9
-0,9
-0,9
March
103,5
-1,5
-0,4
April
102,0
-3,5
-1,4
May
101,4
-4,3
-0,6
June
102,0
-3,3
0,6

Crisis monitor allows comparison between Corona-crisis and the financial and economic crisis, wholesale prices are also part of the “crisis monitor” (www.destatis.de/krisenmonitor), the Federal Statistical office presents the development of important economic indicators in the Corona-crisis and in the financial and economic crisis of 2008/2009. The Crisis monitor adds to the special page Corona-Statistics the bundles since the beginning of April, the statistical information on the economic and social consequences of the Corona pandemic..

Current results on the statistics of the wholesale selling prices, it also includes the “Series 17, Series 6“.

Long time Index of the series can be used also on the table Wholesale selling prices (61281-0004) in the GENESIS-Online database are related.

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MIL OSI

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure need be perfect.

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