Latest data released by Destatis - 28 October 2020
- Prior +0.1%
- Import price index -4.3% vs -4.8% y/y expected
- Prior -4.0%
A surprise beat in import prices in September, but this does little to soothe overall consumer inflation as this is very much a lagging indicator. The annual change still reflects a considerable drop with prices firmly in deflation territory, what have you will.
