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![The German Federal Statistical Office reported the strongest increase in wholesale prices since calculation began in 1962. [image: soualexandrerocha / pixabay]](https://www.diyinternational.com/_Resources/Persistent/8/5/1/f/851fcef0d9cfe15aa56980a3fb14ef3dd1880f55/shipping-4319421_1920-620x350.jpg "The German Federal Statistical Office reported the strongest increase in wholesale prices since calculation began in 1962. [image: soualexandrerocha / pixabay]")
Wholesale selling prices rose by 16.6 percent in November 2021 compared with November 2020. As reported by the Federal Statistical Office (Destatis), this was the highest year-on-year increase since the calculation of wholesale price indices began in 1962.
In October 2021, the year-on-year increase had already been +15.2 percent and in September 2021, +13.2 percent. In the previous month's comparison, wholesale prices rose by 1.3 percent in November 2021.
According to the Destatis authors, the recent, historically high increase in wholesale prices was primarily due to sharp rises in the prices of many raw materials and intermediate products. The largest impact of the wholesale price increase, +62.4 percent, was on petroleum products.
There were also particularly sharp year-on-year price increases in wholesale for scrap and residual materials (+77.4%) and ores, metals and semi-finished metal products (+60.3%) followed by further significant price increases in the wholesale of raw and sawn wood (+41.1%) and grain, raw tobacco, seed and animal feed (+30.3%).
In October 2021, the year-on-year increase had already been +15.2 percent and in September 2021, +13.2 percent. In the previous month's comparison, wholesale prices rose by 1.3 percent in November 2021.
According to the Destatis authors, the recent, historically high increase in wholesale prices was primarily due to sharp rises in the prices of many raw materials and intermediate products. The largest impact of the wholesale price increase, +62.4 percent, was on petroleum products.
There were also particularly sharp year-on-year price increases in wholesale for scrap and residual materials (+77.4%) and ores, metals and semi-finished metal products (+60.3%) followed by further significant price increases in the wholesale of raw and sawn wood (+41.1%) and grain, raw tobacco, seed and animal feed (+30.3%).
