German Wholesale Prices Jump 8.7% in September to Highest Level Since Early 2023

Key Facts

1German wholesale prices rose by 8.7% year-on-year in September, marking the highest annual jump since February 2023.

2Mineral oil product prices surged 48.8% compared to September 2025, driven by the Middle East conflict.

3Wholesale prices recorded a monthly increase of 1.9% in September, up from a 0.9% increase in August.

German wholesale prices rose by 8.7% year-on-year in September 2026, marking the highest annual jump since February 2023. investinglive.com reported that wholesale prices recorded a monthly increase of 1.9% in September, accelerating from a 0.9% rise in August.

The surge was primarily driven by mineral oil product prices, which jumped 48.8% compared to September 2025 due to the Middle East conflict, while non-ferrous metal prices rose 24.9% annually. These rising input costs for German businesses complicate the European Central Bank's inflation management, occurring alongside a German trade balance of 19.5 billion euros reported on October 8, 2026.