German wholesale prices fall in September

German wholesale prices dropped further in September on a year-on-year basis. According to the Federal Statistical Office, the selling prices in wholesale trade dropped 1.9 percent year-on-year. The wholesale prices had dropped 1.1 percent in August. Consensus expectations were for the prices to fall 1.3 percent.

Meanwhile, wholesale prices fell 0.4 percent on a sequential basis in September. Consensus expectations were for the prices to fall 0.6 percent. In the prior month, the whole sale prices had dropped 0.8 percent.