April data shows wholesale inflation accelerated to 6.3% year-on-year, driven by a 37.3% jump in petroleum product prices.
German wholesale prices rose 2.0% month-on-month in April, following a 2.7% gain in March, pushing annual inflation to 6.3% from 4.1% in the prior year. The increase was led by a 12.7% monthly surge in petroleum product prices, which are up 37.3% year-on-year.
Energy costs and higher prices for non-ferrous metals and semi-finished products contributed to the rise. Non-ferrous ores and metals saw a 40.2% annual increase, reflecting broader supply chain pressures tied to the Middle East conflict.
While core inflation remains unaffected for now, the data suggests upward pressure on producer and consumer prices may persist as the conflict continues.