The German statistical office Destatis released its wholesale prices for Germany on Friday. German wholesale prices fell 0.8% in August, after a 0.1% increase in July.

On a yearly basis, wholesale prices in Germany dropped 1.1% in August, after a 0.5% decline in July. Wholesale prices have been declining since July 2013.

The fall was mainly driven by a 14.7% decline in the wholesale prices of solid fuels and related products.