Germany’s wholesale price index (WPI) continued to ease in May 2026, pointing to a gradual moderation in upstream price pressures for Europe’s largest economy.
Year-over-year, the WPI slowed to 5.9% in May, down from 6.3% in April 2026. The figures, updated on 15 June 2026, indicate that while wholesale prices are still rising compared with a year earlier, the pace of increase is steadily cooling. Both the current and previous readings compare each month’s price changes with the same month a year earlier, allowing for a consistent view of underlying inflation dynamics.
The latest data will be closely watched by businesses and policymakers as wholesale prices often feed through to consumer prices with a lag. The continued deceleration suggests some easing of cost pressures in the supply chain, which could support margins for companies and eventually offer some relief to end consumers if the trend persists.
