India, June 15 -- Germany's wholesale price inflation eased in May largely due to the reduction in the energy tax on mineral oil products, data from Destatis showed Monday.
Wholesale prices increased 5.9 percent year-on-year in May after rising 6.3 percent in April.
Destatis said the war in the Middle East pushed up wholesale prices of energy products and raw materials, in particular. Mineral oil products prices surged 30.5 percent from the last year. But prices dropped 7.3 percent from April due to the reduced energy tax rate.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....