Germany May import price index -1.4% vs -1.4% m/m expected

  • Latest data released by Destatis - 30 June 2023
  • Prior -1.7%
  • Import price index -9.1% vs -9.1% y/y expected
  • Prior -7.0%

The drop in import prices has a chunk to do with energy prices, which declined again by another 5.3% on the month. If you strip all of that out, import prices did still fall but by only 0.6% on the month.

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