Wholesale prices accelerated in both India and Germany in August 2026. India’s wholesale prices rose 9.92% year on year, up from 9.78% in July and above economists’ 9.89% forecast, marking the fastest increase since September 2022. Germany’s wholesale prices increased 6.8% year on year, up from 5.3% in July, extending the increase to a 21st consecutive month and marking the fastest annual gain since February 2023. In Germany, prices rose 0.9% month on month, compared with 0.2% in July and a 0.1% market expectation, while higher energy products and raw materials were the main drivers amid ongoing hostilities in the Middle East.