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Home >> Business
UPDATED: 08:15, July 12, 2006
German wholesale price index reaches 5-year record
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Germany's index of prices in wholesale trade in June 2006 increased 5.3 percent on a year ago, the record high since November 2000, the Federal Statistics Office announced on Tuesday.

"This is the highest year-on-year rate of price increase since November 2000," the office said.

In May and in April 2006, it increased 5.0 percent and 3.2 percent respectively. From May to June 2006, the index rose by 0.5 percent.

The selling prices in wholesale trade are collected monthly in Germany. Some 1,030 reporting units (usually wholesale businesses) are asked for the selling prices of a total of 406 representatively selected kinds of goods.

Source: Xinhua


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