Story thread · 4 reports / 4 sources

German import prices fell in June due to drop in energy prices

investinglive.com · 13dShare

June import prices -0.7% vs -0.7% m/m expected Prior +0.7% This is in contrast to the May estimate but it matches with the decline in energy prices in the run up to the ceasefire deal between the US and Iran at the end of June. Since then, a lot has changed of course and energy prices have shot back higher so I wouldn't extrapolate much from the report here. The annual estimate shows that import prices in Germany were still up by 6.1% compared to June last year. So, it still speaks to a material jump in terms of overall prices relative to a year ago. And that is mostly thanks to the conflict in the Middle East disrupting supply chains and leading to higher prices in energy and raw materials. Looking at the details for June though, prices for intermediate goods fell by 0.1% but energy prices that were the big drag in falling by 6.6% on the month. Meanwhile, prices for capital goods were up 0.5% and consumer goods up 0.2%. So at the balance, German import prices were actually up by 0.1%

First report: Energy prices rise in defiance of Trump campaign promises — thehill.com, 15d