germanys wholesale prices rose strongly in july but at a slower pace than in the previous months german wholesale prices rose 195 on year in july the german statistics office destatis said monday wholesale prices rose 212 on year in june and peaked at 238 in april the high annual rate of change for wholesale prices in july mainly derives from increased prices for raw materials and intermediate products destatis said prices for mineral oil products were the main driver of the increase rising 538 on year there were also strong price increases in other products with the prices of solid fuels up 929 on year the prices of grain unmanufactured tobacco and seeds rising 334 and the prices of metals and metal ores up 149 in july compared with the previous month wholesale prices were down 04 in july