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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Wholesale Prices YoY climbed to 8.7% in September 2026
FMPMonthlyReleased October 2026
Germany Wholesale Prices YoY climbed to 8.7% in September 2026, released October 2026, up 1.9% from August's 6.8% reading. The print exceeded the 7.0% consensus by 1.7%. Wholesale Prices YoY has now risen for 4 consecutive months. Over the past 3 months, Wholesale Prices YoY averaged 6.05%, vs 5.7% in the prior 3-month window. Wholesale Prices YoY is now the highest in 36 months.
Latest Release
8.7
Actual
7
Consensus
6.8
Previous
Median Absolute Error
±0.65 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 7.13
Actual: 8.7
Error: -1.57
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 | +0.58 | INDEX | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.47 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.41 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.39 | CRYPTO | Moves against | → View |
| DAX | ▲ Direct | +0.29 | INDEX | Moves with | → 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 8.7% in October 2026. This beat the market consensus of 7% by 1.7%. The reading rose from the previous value of 6.8%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 4.01%, ranging from 1.1% to 8.7% 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 6.93%, up from the prior three at 5.7%. Volatility over the past year (σ 2.69%) is higher than the prior year (σ 0.69%). In October readings over the past 3 years, Wholesale Prices YoY has averaged 2.77%.
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 0.65%.
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 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 (Sep 2026): actual 8.7 %, consensus 7 %. Prior reading (Aug 2026): 6.8 %. Before that (Jul 2026): 5.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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=0.58) — 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 |