German wholesale prices rise 0.9% in May
The German statistical office Destatis released its wholesale prices for Germany on Friday. German wholesale prices rose 0.9% in May, after a 0.3% increase in April.
On a yearly basis, wholesale prices in Germany dropped 2.3% in May, after a 2.7% decline in April. Wholesale prices have been declining since July 2013.
The annual fall was mainly driven by a 16.4% drop in solid fuels and related products.