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Germany Sees 4.1 Percent Increase in Wholesale Prices

(MENAFN) Germany's wholesale prices jumped sharply in March, climbing 4.1% year-on-year, driven largely by soaring energy and raw material costs linked to ongoing conflict in the Middle East, official data revealed.

The spike marks a dramatic acceleration from February's 1.2% reading, with mineral oil products emerging as a key driver — surging 17.8% annually after having fallen 3.9% the previous month, according to figures released by Destatis.

On a monthly basis, the picture was equally stark: overall wholesale prices rose 2.7%, while mineral oil products alone climbed 18.8% between February and March.

Destatis said: "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.

"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%)."

The data paints a broader picture of inflationary pressure rippling through Germany's supply chain, with geopolitical instability increasingly translating into measurable economic strain across multiple commodity sectors.

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