In December 2023, wholesale selling prices in Germany experienced a notable decrease of 2.6 per cent compared to the same month in the previous year, according to the Federal Statistical Office (Destatis). This decline follows a trend observed in the preceding months, with a 3.6 per cent decrease in November 2023 and a 4.2 per cent fall in October 2023.
Furthermore, a month-on-month comparison shows that wholesale prices in December 2023 dropped by 0.6 per cent from November 2023.
Additionally, when considering the annual average for 2023, wholesale selling prices showed a decline of 0.5 per cent compared to 2022, as per Destatis.
In December 2023, Germany’s wholesale selling prices decreased by 2.6 per cent compared to December 2022, continuing a downward trend with a 3.6 per cent fall in November.
The month-on-month comparison also shows a 0.6 per cent drop from November 2023.
The annual average of wholesale selling prices for 2023 saw a 0.5 per cent decline compared to 2022.
Fibre2Fashion News Desk (DP)
