The German statistical office Destatis released its wholesale prices for Germany on Friday. German wholesale prices rose 0.5% in May, after a 0.4% increase in April.

On a yearly basis, wholesale prices in Germany declined 0.4% in May, after a 0.9% drop in April. Wholesale prices have been declining since July 2013.

The fall was largely driven by a 8.8% decline in the wholesale prices of solid fuels and related products.