Middle East Conflict Sends German Wholesale Prices Soaring - The State Signal

Middle East Conflict Sends German Wholesale Prices Soaring

ByThe State Signal Newsdesk

GERMANY – The Middle East conflict sent the German wholesale prices soaring by 4.1% on March annually, particularly the prices of energy products and raw materials.

The wholesale inflation increased from 1.2% to 4.1% while prices for mineral oil products jumped by 17.8% in March, after declining by 3.9% in February, Destatis’ data showed.

On a monthly basis, wholesale prices also posted an increase of 2.7% and mineral oil products’ price hiked by 18.8% from February to March.

“The increase in prices in the wholesale of non-ferrous ores, non-ferrous metals and non-ferrous semi-finished metal products (+48.4% on March 2025) also had a considerable impact on the development of prices compared with the same month of the previous year,” Destatis said.

“In addition, higher prices were recorded in the wholesale of sugar, confectionery and bakery products (+6.1%) and in the wholesale of tobacco (+5.9%),” it added.

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