German wholesale prices see record fall in Nov.

Special Report:Global Financial Crisis

BERLIN, Dec. 10 (Chinese media) -- The price index of wholesale trade in Germany saw a record month-on-month fall in November, indicating signs of an economic slump in the biggest economy of the European Union (EU).

November's wholesale price index dropped 3.3 percent compared with the previous month, the German Federal Statistical Office said in a press release Wednesday.

"A price decrease of this height compared to the previous month has not been observed so far," the office said.

On the year-on-year basis, the wholesale price index also fell by 0.8 percent in November compared with a year earlier, according to the Wiesbaden-based office.

This was the sharpest year-on-year fall since June 2002 when the index stood at minus 1.0 percent.

In October and September, the annual price index grew by 3.6 percent and 5.8 percent respectively.