Germany's wholesale prices see highest jump since 1962

ANKARA

Germany's annual wholesale prices see the highest jump since 1962, according to data released Monday by the Federal Statistical Office.


The annual selling prices in wholesale trade rose by 16.6% in November, compared to the same month a year ago, Destatis said in a statement.

The annual rates of change in wholesale prices came at 15.2% in October and 13.2% in September.

"There has not been a higher annual rate of change since the beginning of the calculation of the wholesale price indices in 1962," it added.

The largest impact on the year-on-year price rate in wholesale trade was seen in prices for mineral oil products, by 62.4%.

Germany's annual inflation rate climbed to 5.2% in November, its highest since June 1992, Destatis announced on Friday.