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Biggest drop in wholesale trade prices since 1987

In March 2009 wholesale trade prices were down by 8.0% as compared to March last year which was the biggest annual drop since the year 1987. In the period from February to March this year the decrease amounted to 0.9 %. In particular prices for energy influenced the development of wholesale trade prices. For solid fuels and mineral oil products, for instance, prices were down by 21.4 % in comparison with March last year.

As compared to February this year solid fuels and mineral oil products were 2.1% less expensive following a slight increase by 0.8% in February as compared to January. Wholesale trade prices for ores, metals and semi-finished metal products were down by 17.8 % as compared to March 2008 and by 6.2 % as compared to February this year.

Wholesale trade prices for agricultural products and foodstuffs were also down in March as compared to last year. Corn, seeds and fodder were 42.6 % less expensive in March this year than in March 2008 (-4.1 % as compared to February 2009). For milk, dairy products, eggs and edible fats the respective changes were -10.0 % and -0% and for fruits, vegetables and potatoes -0.4 % and -0.9 %. GERMAN