German wholesale prices bounce back in July as energy tax cut lapses
- July wholesale prices +0.2% m/m
- Prior -0.7%
- July wholesale prices +5.3% y/y
- Prior +4.9%
German wholesale prices nudged up in July, owing much to another bump in the price of petroleum products. The expiration of the temporary reduction in the energy tax rate on gasoline and diesel (which lapsed after 30 June) helped to see their price move up by 4.0% on the month. And relative to a year ago, the price of petroleum products are on average over 24% higher compared to July 2025.
Besides that, prices of non-ferrous ores, metals, and semi-finished metal products dropped by 3.9% on the month but are still well higher compared to the same month last year (+27.8%).
Meanwhile, the other increase in July was prices for information and communication technology equipment (+1.1% on the month). The category here is also seeing a marked increase compared to July last year (+9.0%), so that further amplifies the year-on-year estimate seen above.
All in all, it just points to German wholesale prices continuing to nudge higher as a result of the US-Iran conflict. And not just in energy, even if that still represents the biggest chunk of the increase compared to how prices were trending a year ago.
This article was written by Justin Low at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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