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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Wholesale Prices YoY climbed to 5.3% in July 2026
FMPMonthlyReleased August 2026
Germany Wholesale Prices YoY climbed to 5.3% in July 2026, released August 2026, up 0.4% from June's 4.9% reading. The reading matched the 5.4% consensus. The print is running well above the 12-month average of 2.48%. Over the past 3 months, Wholesale Prices YoY averaged 5.4%, vs 3.87% in the prior 3-month window. The reading is in the 90th percentile of the trailing 24-month range.
Latest Release
5.3
Actual
5.4
Consensus
4.9
Previous
Median Absolute Error
±0.55 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 4.65
Actual: 5.3
Error: -0.65
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 |
|---|---|---|---|---|---|
| EUR/GBP | ▼ Inverse | −0.56 | FOREX | Moves against | → View |
| FTSE 100 | ▲ Direct | +0.54 | INDEX | Moves with | → View |
| DAX | ▲ Direct | +0.43 | INDEX | Moves with | → View |
| EUR/JPY | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.29 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wholesale Prices YoY (Germany) was reported at 5.3% in August 2026. This missed the market consensus of 5.4% by 0.1%. The reading rose from the previous value of 4.9%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 2.77%, ranging from 0.7% to 6.3% across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 5.37%, up from the prior three at 2.9%. Volatility over the past year (σ 2.17%) is higher than the prior year (σ 0.92%). In August readings over the past 3 years, Wholesale Prices YoY has averaged 1.9%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/GBP (Bearish EUR). A secondary relationship exists with FTSE 100, positively correlated (Bullish FTSE 100). Over the last 12 releases, the Sigmacast model's median absolute error is 0.55%.
WHAT TO WATCH NEXT
The next release is scheduled for September 15, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Sep 15) and Wholesale Prices MoM (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Wholesale Prices YoY - DE
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About Wholesale Prices YoY — Germany
DEFINITION
Wholesale Prices YoY is a financial indicator that measures the annual change in the prices of goods sold in bulk by manufacturers and wholesalers. It provides valuable insights into the overall inflationary pressures in the economy and is closely monitored by businesses, policymakers, and investors to make informed decisions. A positive YoY change indicates an increase in wholesale prices, while a negative change suggests a decrease. This indicator is an important tool for assessing the health of the economy and predicting future trends 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 (Jul 2026): actual 5.3 %, consensus 5.4 %. Prior reading (Jun 2026): 4.9 %. Before that (May 2026): 5.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bearish EUR, r=-0.56) — a useful reference for forex-focused traders.
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Economic Calendar - DE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Wholesale Prices MoM | 0.2 | 0.1 | -0.60 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 5.3 | 6.2 | 5.35 | Medium | |
| 09:00 | DE | ZEW Economic Sentiment Index | 34.2 | 37 | 45.25 | High | |
| 09:00 | DE | ZEW Current Conditions | -61.1 | -52.2 | -53.70 | Low | |
| 09:00 | DE | Economic Sentiment | 34.2 | 42.7 | 50.85 | Medium | |