Germany June wholesale price index -0.2% vs -1.1% m/m prior

<ul><li>Prior -1.1%</li></ul><p>Wholesale prices continue to ease and that is a welcome development, especially since the prices for mineral oil products did actually see a 1.3% increase on the month compared to May. That points to broader price pressures easing but the deterioration in the economic outlook at the moment is definitely outweighing that. PS: Destatis will be rebasing the wholesale price index to 2021 as of the reference month January 2024. The change will take effect in March next year.</p>

This article was written by Justin Low at www.forexlive.com.