10.08.201003:06:00UTC+00German Wholesale Price Inflation Rises In July

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.

Copyright(c) 2010 News.com, Inc. All Rights Reserved