Germany's wholesale prices rose 4.9% year-on-year in June 2026, slowing from a 5.9% increase in May. Despite this moderation, it was the 19th consecutive month of wholesale price inflation, with energy products and raw materials remaining the main drivers amid the ongoing conflict in the Middle East.
The steepest price gains were recorded for mineral oil products (21.7%) and for non-ferrous ores, non-ferrous metals, and semi-finished non-ferrous metal products (31.0%). These were followed by chemical products (14.9%) and iron, steel, and semi-finished ferrous metal products (8.2%).
These increases were partially offset by notable price declines for live animals (-16.0%); coffee, tea, cocoa, and spices (-10.0%); and milk, dairy products, eggs, edible fats, and oils (-8.5%).
On a monthly basis, wholesale prices fell 0.7% in June, after a 0.6% decline in May. This marked the second consecutive monthly decrease and ran counter to market expectations of a 0.5% increase.
