Germany's import prices continued to decline in March but the pace of decrease slowed for the second month, data from Destatis showed Monday.
Import prices fell by less-than-expected 1.4 percent in March from last year, following a 3 percent drop in February. Prices were expected to fall 2 percent. Nonetheless, the import price index has been falling since January 2013.
Excluding crude oil and mineral oil products, import prices gained 1 percent on a monthly basis taking the annual growth to 2.3 percent.
Month-on-month, import prices rose 1 percent after increasing 1.4 percent in February. This was the second consecutive rise in import prices and exceeded a 0.4 percent rise forecast by economists.
At the same time, the annual increase in export prices doubled to 1.4 percent from 0.7 percent in February. Similarly, monthly growth accelerated to 0.6 percent from 0.3 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.