Germany Wholesale Price Inflation At 15-Month High

Germany's wholesale price inflation accelerated further in July to the highest level in more than a year, data from Destatis showed Thursday.

Wholesale prices climbed 3.5 percent year-over-year in July, just above the 3.4 percent increase in June.

Moreover, this was the fastest growth since April 2017, when prices had risen 4.7 percent.

The biggest influence on overall prices came from the wholesale of solid fuels and petroleum products, which advanced 15.2 percent compared to the previous year.

On a monthly basis, consumer prices remained flat in July, following a 0.5 percent rise in the prior month.


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Dutch Jobless Rate Falls Unexpectedly

Dutch unemployment rate decreased unexpectedly in July, though slightly, figures from the Central Bureau of Statistics showed Thursday.

The seasonally adjusted jobless rate dropped to 3.8 percent in July from 3.9 percent in June. Meanwhile, the rate was expected to remain stable at 3.9 percent.

In the corresponding month last year, the unemployment rate was 4.8 percent.

The number of unemployed people totaled 348,000 in July, down from 354,000 a month ago.


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