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Germany's wholesale price inflation increased in July, a report by the Federal Statistical Office showed on Tuesday.
The wholesale price index rose 5.3% year-on-year in July, faster than a 5.1% growth in the previous month. The wholesale price index increased for the eighth consecutive month. A year earlier, wholesale prices were down 10.6%
The wholesale prices of metals and metal ores, increased 23.3% annually in July, while solid fuels and oil products prices rose 10.3%. Wholesale prices of agriculture and food products grew 11.5%.
Month-on-month, wholesale prices dropped 0.3% in July, compared to a 0.2% fall in the preceding month. It was the second monthly decline since October 2009.
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