Germany's import prices declined at a faster pace in October due the sharp fall in energy prices, Destatis reported on Friday.
Import prices slid 1.4 percent in October from a year ago, after falling 1.0 percent in September. Prices have been falling since April.
The annual fall was largely driven by the 15.1 percent decline in energy prices. Moreover, prices of capital goods and consumer goods were down 0.5 percent and 1.0 percent, respectively.
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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.