Germany import price inflation eases more than forecastStaff Writer | June 28, 2017
Germany's import price inflation eased at a faster-than-expected pace in May after remaining stable in the prior month, figures from Destatis showed Wednesday.
Europe Figures from Destatis
The measure has been rising since November last year.
Excluding energy, imports prices grew 3.0% in May from a year ago. Energy prices alone surged by 15.7%.
On a monthly basis, import prices dropped 1.0% from April, when it increased by 0.1%. It was forecast to drop by 0.6%.
Data also shower that export prices rose at a slower rate of 2.2% yearly in May, following a 2.6% gain in April. Month-on-month, export prices edged down 0.2%, reversing a 0.2% rise in the prior month. ■