Germany’s wholesale prices rose 8.8% year-on-year in October 2026, following a 8.7% gain in the previous month and marking the fastest pace since February 2023. This extended the streak of annual wholesale price inflation to 24 consecutive months, driven mainly by sharp increases in petroleum products (47.6%) and grain, raw tobacco, seeds, and animal feed (21.2%). Prices also strengthened for chemical products (18.6%), non-ferrous ores, metals, and semi-finished metal products (13.8%), and data processing and peripheral equipment (13.4%). In contrast, prices declined for live animals (-15.8%), coffee, tea, cocoa, and spices (-8.4%), and milk, dairy products, eggs, edible fats and oils (-7.1%). On a monthly basis, wholesale prices increased 0.4%, much slower than 1.9% in September and in line with market estimates.