Berlin - German wholesale prices soared in July, rising 9.9 per cent on the year on the back of higher fuel costs, the official statistics office reported from Wiesbaden.
The rise was the strongest in the indicator since November 1981. Over the month, wholesale prices rose 1.4 per cent.
German wholesale prices have been rising sharply in recent months. The indicator showed an annual increase of 8.9 per cent in June and 8.1 per cent in May.
Fuels and mineral oil products saw a price rise of 30.8 per cent on the year and as much as 6.2 per cent on the month of August.