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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Wholesale Prices MoM climbed to 1.9% in September 2026
FMPMonthlyReleased October 2026
Germany Wholesale Prices MoM climbed to 1.9% in September 2026, released October 2026, up 1.0% from August's 0.9% reading. The print exceeded the 0.7% consensus by 1.2%. Wholesale Prices MoM has now risen for 4 consecutive months. Over the past 3 months, Wholesale Prices MoM averaged 0.55%, vs 0.23% in the prior 3-month window. The reading is in the 90th percentile of the trailing 24-month range.
Latest Release
1.9
Actual
0.7
Consensus
0.9
Previous
Median Absolute Error
±0.58 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 0.85
Actual: 1.9
Error: -1.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▲ Direct | +0.55 | INDEX | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.43 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.39 | CRYPTO | Moves against | → View |
| DAX | ▲ Direct | +0.33 | INDEX | Moves with | → View |
| EUR/JPY | ▼ Inverse | −0.26 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wholesale Prices MoM (Germany) was reported at 1.9% in October 2026. This beat the market consensus of 0.7% by 1.2%. The reading rose from the previous value of 0.9%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.51%, ranging from -0.7% to 2% across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1%, up from the prior three at 0.23%. Volatility over the past year (σ 0.84%) is higher than the prior year (σ 0.39%). In October readings over the past 3 years, Wholesale Prices MoM has averaged 0.6%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with FTSE 100 (Bullish FTSE 100). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.58%.
WHAT TO WATCH NEXT
The next release is scheduled for November 13, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Oct 30) and Inflation Rate MoM (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Wholesale Prices MoM - DE
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About Wholesale Prices MoM — Germany
DEFINITION
Wholesale Prices MoM (Month-over-Month) is a financial indicator that measures the change in the average selling prices of goods and services at the wholesale level on a monthly basis. This indicator is used by economists, investors, and policymakers to track inflationary trends and assess the overall health of the economy. A positive change in Wholesale Prices MoM may indicate rising inflation, while a negative change may suggest deflationary pressures. It is an important tool for decision-making in various industries, as it provides insight into the cost of goods and potential changes in consumer prices.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 1.9 %, consensus 0.7 %. Prior reading (Aug 2026): 0.9 %. Before that (Jul 2026): 0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bullish FTSE 100, r=0.55) — a useful reference for index-focused traders.
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Economic Calendar - DE Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | DE | Import Prices MoM | 2.1 | 1 | 1.8 | 1.95 | Low |
| 07:00 | DE | Import Prices YoY | 10.4 | 8.3 | 10.3 | 10.35 | Low |
| 08:55 | DE | Unemployment Rate | 6.4 | 6.4 | 6.4 | 6.43 | High |
| 08:55 | DE | Unemployed Persons | 3.016 | 3.012 | 3.017 | 3.02 | Medium |
| 08:55 | DE | Employment Change | 4 | 12 | 5 | 5.00 | High |
| 09:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 09:00 | DE | GDP Growth Rate YoY | 1.2 | 1 | 1.1 | 1.15 | High |