German wholesale prices down 2.6% y/y in May

FILE PHOTO: The outbreak of the coronavirus disease (COVID-19), in Bonn

BERLIN (Reuters) – Germany’s wholesale prices fell in May compared with the same month last year, according to data released on Wednesday.

Wholesale prices decreased by 2.6% on the year and 1.1% on the month, the federal statistics office reported.

The office offers more detailed economic data on its website.

(Reporting by Anastasiia Kozlova, Editing by Rachel More)

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