Germany April import prices -1.7% vs -1.4% m/m expected

• Prior -1.0%

That marks the sharpest monthly decline in import prices since the Covid pandemic period. That said, the drop is largely driven by a plunge in energy prices which fell by 11.2% on the month. If you strip that out, import prices were down 0.8% compared to March.

This article was written by Justin Low at www.forexlive.com.