Germany’s wholesale prices rose 6.8% year-on-year in August 2026, up from 5.3% in July and marking the 21st consecutive monthly increase. The gain was the fastest since February 2023, driven mainly by higher energy products and raw materials amid ongoing hostilities in the Middle East. On a monthly basis, prices climbed 0.9%, accelerating from July’s 0.2% increase, reaching the fastest pace in four months and exceeding market expectations of 0.1%. Wholesale prices measure the prices charged for goods before they reach retailers and consumers.