Germany March import price index -1.1% vs -0.9% m/m expected | Forexlive

• Prior -2.4%
• Import price index -3.8% vs -3.6% y/y expected
• Prior +2.8%

German import prices are now down on an annual basis, mostly due to base effects, as the surge higher from energy prices last year is now being taken into account. On a monthly basis, the drop is also the seventh one in a row as lower energy prices are also factoring into the month-on-month changes.