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German Wholesale Price Growth Slows Less than Expected in April |
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European Economy |
Written by CEP News |
May 09 08 07:07 GMT |
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(CEP News) Frankfurt - On Friday, the Federal Statistics Office (Destatis) reported that German wholesale prices rose 0.6% in April on a monthly basis, up from the 0.5% increase expected by economists but lower than March's growth rate of 1.6%.
Annually, wholesale prices rose 6.9%. Economists had forecast the growth rate to slow to 6.7% following March's 7.1% rise. By Todd Wailoo,
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, edited by Nancy Girgis,
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