In July 2023, the selling prices in wholesale trade were 2.8% lower than in July 2022. The year-on-year rate of change was -2.9% in June 2023, and -2.6% in May 2023. The Federal Statistical Office (Destatis) reports that wholesale prices were down 0.2% in July 2023 compared with the previous month.At -20.8%, the steep drop in prices in the wholesale of mineral oil products had the biggest impact on the overall development of wholesale prices in July 2023 compared with July 2022. Prices in this branch of economic activity rose 1.3%, however, compared with June 2023. Compared with the same month a year earlier, much ... (full story)