Germany's import prices declined for the fourth straight month in July due to falling energy prices, Destatis reported Friday.
Import prices dropped 1.4 percent in July from a year ago, the same as in the previous month. Economists had forecast an annual drop of 1.2 percent.
The sharp decrease in energy prices had the biggest impact on overall import prices, Destatis said. Energy prices plunged 12.5 percent. Excluding energy, import prices were down 0.2 percent from July 2024.
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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.