Germany June wholesale price index +0.1% vs +1.0% m/m prior

  • Prior +1.0%
  • Wholesale price index +21.2% y/y
  • Prior +22.9%

The acceleration in German wholesale prices is slowing down a little and that might offer some comfort that price pressures are perhaps moderating. That said, with consumer inflation still hovering just under 8% and a natural gas crisis looming, it is tough to be optimistic about the economic situation past the summer.