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German Wholesale Prices Edge Higher in 2025, December Up 1.2% From a Year Earlier

Destatis cites surging non‑ferrous metals with pricier food as the main forces behind the upturn.

Overview

  • Wholesale selling prices rose 1.0% on average in 2025 after a 1.3% decline in 2024.
  • December prices were 0.2% lower than November even as they were 1.2% above December 2024.
  • Non‑ferrous ores, metals and semi‑finished products jumped 34.6% year over year in December and 4.9% month over month.
  • Food, beverages and tobacco recorded a 3.9% annual rise in 2025, led by coffee/tea/cocoa/spices (+26.2%), sugar/sweets/bakery (+14.7%) and meat (+7.4%).
  • Several groups were cheaper year over year in December, including grains/seeds/fodder (−7.3%), dairy/oils/fats (−3.3%) and mineral oil products (−3.1%), while consumer prices rose 1.8% in December and 2.2% for 2025 overall.