Germany’s wholesale prices rose 1.2% year-on-year in February 2026, matching the pace recorded in the previous two months and marking the 15th consecutive increase. The sustained growth was largely driven by a sharp jump in prices for non-ferrous ores, non-ferrous metals, and related semi-finished products, which surged 44.9%. Meanwhile, costs for food, beverages, and tobacco gained 0.8%, led by sugar, confectionery, and baked goods (9.1%) and meat and meat products (3.7%). In contrast, prices declined for cereals, raw tobacco, seeds, and animal feed (-7.4%), along with milk, dairy products, eggs, edible oils, and edible fats (-6.6%). On a monthly basis, wholesale prices went up 0.6%, slowing from 0.9% in January but exceeding market forecasts of a 0.4% rise.
