Germany June import price index +1.6% vs +1.6% m/m expected
Latest data released by Destatis - 28 July 2021
Import prices continue to reaffirm higher cost pressures, which translates to higher consumer inflation as well considering that the trend is still persisting. This may be a lagging data point but it is a supportive data to the narrative.
- Prior +1.7%
- Import price index +12.9% y/y
- Prior +11.8%