According to data released by the Federal Bureau of Statistics, Germany’s wholesale prices in April rose at a record rate, which was 23.8%higher than the same period last year. This was the largest increase in one year since the investigation began in 1962.
The Russian and Ukraine War particularly pushed up the wholesale price of raw materials and energy, and at the same time, various foods became more expensive. The wholesale price in March increased by 22.6%year -on -year. It is understood that in April, the wholesale price of petroleum products rose the largest increase, reaching 63.4%.
On the one hand, the rise of the wholesale price can be seen that due to the war and the supply chain crisis, the commodity prices and local production costs imported to Germany have increased; on the other hand The price will also be affected.