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<Econ> Germany Apr WPI +6.3% YoY, Highest in Over Three Years; Mineral Oil Products WPI +37.3%
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Germany's Federal Statistical Office announced that, driven by higher wholesale prices of energy products and raw materials amid the Iran conflict, Germany's Wholesale Price Index (WPI) growth accelerated to 6.3% YoY in April, the highest level since February 2023, compared with a prior increase of 4.1%. During the period, the WPI for mineral oil products rose 37.3% YoY, with a 12.7% MoM increase. Germany's WPI increased 2% MoM in April, above market expectations of a 1.7% rise. (da/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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