RTTNews reports that data released by Destatis showed that Germany's wholesale prices grew at the fastest pace in a decade in April.

Wholesale prices rose 7.2 percent year-on-year in April, following a 4.4 percent rise in March. This was the biggest growth since March 2011, when prices were up 8.4 percent. Wholesale petroleum product prices surged 34.1 percent in April and prices of scrap and residual materials climbed sharply by 83.6 percent.

On a monthly basis, wholesale prices gained 1.1 percent but slower than the 1.7 percent increase posted in March.