German wholesale prices see record jump as raw material costs soar By Reuters – Investing.com

German wholesale prices see record jump as raw material costs soar By Reuters – Investing.com

BERLIN (Reuters) - German wholesale prices rose by 16.6% on the year in November, official data showed on Monday, recording their biggest annual rise since data collection for the measure began in 1962 and suggesting higher consumer prices may follow.

The price measure is widely considered an indicator of future inflationary tendencies as wholesale trade is the hinge between manufacturers and end-customers.

"The high rates of change for wholesale prices in annual comparison derive from increased prices for raw materials and intermediate products," the Federal Statistics Office said in a statement.