Germany's wholesale prices see highest jump since 1962

By Ovunc Kutlu

ANKARA (AA) - Germany's annual wholesale prices see the highest jump since 1962, according to data released Monday by the Federal Statistical Office.

The annual selling prices in wholesale trade rose by 16.6% in November, compared to the same month a year ago, Destatis said in a statement.

The annual rates of change in wholesale prices came at 15.2% in October and 13.2% in September.

"There has not been a higher annual rate of change since the beginning of the calculation of the wholesale price indices in 1962," it added.

The largest impact on the year-on-year price rate in wholesale trade was seen in prices for mineral oil products, by 62.4%.

Germany's annual inflation rate climbed to 5.2% in November, its highest since June 1992, Destatis announced on Friday.