Arab Today, arab today german wholesale prices soar amid euro crisis
Last Updated : GMT 00:25:05
Arab Today, arab today
Arab Today, arab today

German wholesale prices soar amid euro crisis

Arab Today, arab today

Arab Today, arab today German wholesale prices soar amid euro crisis

Berlin - DW

Germany has logged a considerable hike in wholesale prices in September. Fresh statistical data reveal the jump has been mainly due to fuel and mineral oil products becoming more expensive, adding to inflation fears. Price pressures in the German wholesale trade increased markedly in September, the National Statistics Office (Destatis) reported on Wednesday. All in all, wholesale goods and commodities were 4.2 percent more expensive than in the same month last year, the Destatis survey showed. It thus marked the biggest jump since November 2011, after prices rose by only 3.1 percent in August of this year. The report indicated that the surge was first and foremost a result of increasing prices fur fuel and mineral oil products, which soared by 11.3 percent year-on-year. The increase in prices for crops, seeds, raw tobacco and fodder was even more pronounced at 15.4 percent, with meat product prices also adding to inflation pressures. Growth incentives versus reduced inflation Declining prices for some metals, ores as well as for coffee, tea and spices were not able to offset the price hikes in other areas. Wholesale prices are widely seen as an early indicator for developments in the retail sector and hence for inflation. According to preliminary data, Germany posted 2.0-percent inflation in September while the crisis-stricken euro area as a whole logged a 2.7-percent price hike. The European Central Bank (ECB) last week decided to hold its historically low refinancing interest rate steady at 0.75 percent in a bid to encourage lending to private households and companies. Raising the benchmark rate would have had the opposite effect, but would have lowered inflation pressures in the 17-member single currency bloc.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german wholesale prices soar amid euro crisis Arab Today, arab today german wholesale prices soar amid euro crisis

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german wholesale prices soar amid euro crisis Arab Today, arab today german wholesale prices soar amid euro crisis

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday