Giuseppe Sandro Mela.
«A wholesale price index (WPI) is an index that measures and tracks the changes in the price of goods in the stages before the retail level. This refers to goods that are sold in bulk and traded between entities or businesses (instead of between consumers). Usually expressed as a ratio or percentage, the WPI shows the included goods’ average price change; it is often seen as one indicator of a country’s level of inflation»
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Destatis. Wholesale prices in 2021: +9.8% on 2020
Wholesale selling prices, December 2021
+0.2% on the previous month
+16.1% on the same month a year earlier
Wholesale selling prices, 2021
+9.8% on an annual average in 2021 compared to 2020
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Wiesbaden – In 2021 the average index of selling prices in wholesale trade was 9.8% higher than the average index of 2020. As reported by the Federal Statistical Office (Destatis), this was largely due to the higher annual average prices for mineral oil products (+32,0%) and for metals and metal ores (+44.3%). This was also influenced by a base effect due to the low price levels for many raw materials in 2020 in the context of the corona crisis.
Increased annual average selling prices in wholesale trade of waste and scrap (+74.2), as well as grain, unmanufactured tobacco and seeds (+21.8%) also contributed to the higher annual average index in 2021.
Wholesale selling prices in December 2021: +16.1% on December 2020
In December 2021 the selling prices in wholesale trade were 16.1% higher than in December 2020. In November 2021 and in October 2021 the annual rates of change had been +16.6% and +15.2%, respectively.
From November 2021 to December 2021, the index rose by 0.2%.
The high rates of change for wholesale prices mainly derive from increased prices for raw materials and intermediate products. The largest impact in December 2021 had the increased prices for mineral oil products (+50.6%).