Germany’s wholesale price index (WPI) turned negative in May 2026, highlighting a sharp shift in price dynamics at the wholesale level. Month-over-month, the WPI fell by 0.6%, according to data updated on 15 June 2026, reversing the 2.0% increase recorded in April 2026.
The move from a solid monthly gain in April to a decline in May suggests that underlying price pressures in Germany’s wholesale sector have cooled significantly within a short period. On a month-over-month basis, the latest figure reflects a comparison of May’s change against April, while the previous reading measured April’s change versus March. This reversal may signal easing cost pressures further up the supply chain, with potential implications for consumer prices and monetary policy in the months ahead.
