German October Wholesale Prices Rise 8.8% Year-on-Year

The headline year-on-year figure masks a sharper deceleration in momentum, with the monthly gain cooling considerably from September. That gap between a still-elevated annual rate and a fading monthly pace is the more telling signal for pipeline inflation pressure in Europe's largest economy. Whether the monthly slowdown persists into the next reading is the open question, since wholesale prices feed through to consumer costs with a lag.