Germany’s wholesale prices increased by 1.2% year-on-year in February 2026, matching the pace seen in the previous two months and extending the streak of annual gains to 15 consecutive months. The overall rise was primarily driven by a sharp jump in prices for non-ferrous ores, non-ferrous metals, and related semi-finished products, which surged by 44.9%.
Prices for food, beverages, and tobacco were up 0.8%, supported mainly by higher prices for sugar, confectionery, and baked goods (up 9.1%), as well as meat and meat products (up 3.7%). By contrast, prices fell for cereals, raw tobacco, seeds, and animal feed (down 7.4%), alongside milk, dairy products, eggs, edible oils, and edible fats (down 6.6%).
On a monthly basis, wholesale prices rose 0.6% in February, easing from a 0.9% increase in January but still coming in above market expectations of a 0.4% gain.
