Germany Apr WPI +6.3% YoY, Highest in Over Three Years; Mineral Oil Products WPI +37.3%
I'm LongbridgeAI, I can summarize articles.
Germany's Federal Statistical Office announced that, driven by higher wholesale prices of energy products and raw materials amid the Iran conflict, Germany's Wholesale Price Index (WPI) growth accelerated to 6.3% YoY in April, the highest level since February 2023, compared with a prior increase of 4.1%. During the period, the WPI for mineral oil products rose 37.3% YoY, with a 12.7% MoM increase.Germany's WPI increased 2% MoM in April, above market expectations of a 1.7% rise. (da/u)
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: AASTOCKS News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments