Global Conflicts Push German Wholesale Goods Prices Up in June
Economy / Finance

Global Conflicts Push German Wholesale Goods Prices Up in June

According to data released by the Federal Statistical Office (Destatis) on Tuesday, wholesale sales prices in Germany rose by 4.9% in June 2026 compared to June 2025. This was a slight decrease in month-over-month comparison, as prices fell by 0.7% compared to May 2026. Previous monthly growth rates were even higher, standing at 5.9% in May and 6.3% in April 2026 against the preceding year.

The primary factor driving the increase in overall wholesale prices year-on-year in June 2026 was the surge in mineral oil product prices, which averaged 21.7% higher than in June 2025. This general price inflation has been largely attributed to the ongoing military conflicts in Iran and the Middle East, which specifically pushed up wholesale prices for energy products and raw materials.

Other significant sectors contributing to the year-over-year price increase included non-iron ores, metals, and semi-finished products, which saw a massive jump of 31.0%. Chemical products also rose significantly by 14.9%. Furthermore, iron, steel, and related semi-finished goods were 8.2% more expensive in wholesale markets compared to the previous year.

Conversely, June 2026 also saw several sectors experiencing price drops compared to the same period last year. Wholesale prices for live animals fell steeply by 16.0%. Other goods that were cheaper than in June 2025 included coffee, tea, cocoa, and spices, which dropped by 10.0%. Consumers also saw lower prices for milk, dairy products, eggs, and cooking oils and fats, which fell by 8.5%.