Wholesale prices increased by 8.7 percent in September compared to the same month last year, according to data released by the Federal Statistical Office on Wednesday. The inflation rate stood at 6.8 percent in August and 5.3 percent in July.
The surge in September was more pronounced than the rate recorded in February 2023, which reached 9.5 percent. Statisticians attribute the September price increase primarily to the ongoing conflicts in Iran and the Middle East, which led to higher wholesale prices for energy products and raw materials, such as metals. Compared only to the previous month, prices rose by 1.9 percent.
Among the affected goods, mineral oil products saw a significant jump of 48.8 percent year-on-year and increased by 10.5 percent compared to August. Other notable increases in the wholesale market include non-ferrous ores, metals, and semi-finished metals, which rose by 24.9 percent compared to September 2025 and 2.1 percent compared to August. Prices also rose for commodities such as grains, raw tobacco, seeds, and animal feed, increasing by 19.3 percent compared to September 2025 and 6.5 percent compared to August. Furthermore, chemical products increased by 16.4 percent compared to September 2025 and 1.7 percent compared to August, while data processing and peripheral devices were also more expensive, up 12.1 percent compared to September 2025 and 0.8 percent compared to August.
However, there were also price declines in September. Notably, prices for live animals fell by 15.1 percent compared to September 2025, though they were up 5.0 percent compared to August 2026. Also showing lower prices compared to the previous year were milk, dairy products, eggs, cooking oils, and edible fats, which were down 9.7 percent compared to September 2025 but up 0.6 percent compared to August. Finally, meat and meat products were purchased at cheaper rates than in the same month last year, falling by 6.0 percent compared to September 2025, while still being up 1.4 percent compared to August.
