German wholesale prices rise 0.3% in April
The German statistical office Destatis released its wholesale prices for Germany on Thursday. German wholesale prices rose 0.3% in April, after a 0.3% increase in March.
On a yearly basis, wholesale prices in Germany dropped 2.7% in April, after a 2.6% decline in March. It was the biggest drop since November 2009. Wholesale prices have been declining since July 2013.
The annual fall was mainly driven by a 16.7% drop in solid fuels and related products.
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