Latest data released by Destatis - 26 June 2020
- Prior -1.8%
- Import price index -7.0% vs -6.9% y/y expected
- Prior -7.4%
Slight delay in the release by the source. Import prices improved slightly in the month of May but remains relatively subdued as a whole, reflecting weaker price pressures in general amid the fallout from the coronavirus outbreak.
The annual reading remains firmly in deflation territory so that's more reflective of underlying inflation pressures in the German economy, similar to most countries currently.
