Germany's import prices declined for the second straight month in May due to the notable fall in energy prices, figures from Destatis revealed on Monday.
Import prices slid 1.1 percent in May from the previous year. This was the second consecutive fall and followed April's 0.4 percent drop.
The decline in energy prices had the greatest impact on overall import prices. Energy prices plunged 14.6 percent. Excluding energy, import prices were 0.4 percent higher than in the previous year. On a monthly basis, the fall in import prices slowed to 0.7 percent from 1.7 percent. Prices have been falling since March. Economists had forecast a monthly drop of 0.3 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.