Germany April import price index -1.7% vs -0.5% m/m expected | Forexlive

• Prior -1.1%
• Import price index -7.0% vs -5.8% y/y expected
• Prior -3.8%

The drop in annual reading is mainly to do with lower prices for energy but the monthly reading this time around also shows a decline in other categories, so that is a bit of a relief in terms of inflation developments at least. If you strip out crude oil and mineral oil products, import prices declined by 1.8% compared to March.