Germany’s wholesale price inflation slows to an eight-month low in July

The report from the Federal Statistical Office (Destatis) revealed the German selling prices in wholesale trade rose by 2.2 percent y-o-y in July, decelerating from the 2.5 percent y-o-y increase in June and the 3.1 percent y-o-y growth in May. That marked the weakest gain since November 2016.

In m-o-m terms, wholesale prices fell by 0.1 percent after being flat in June.