Germany's import prices logged its biggest fall since early 2024 in December largely due to the sharp fall in energy prices, the Destatis reported Friday.
Import prices declined 2.3 percent in December from a year ago, following a 1.9 percent drop in November. However, the decline was slower than economists' forecast of 2.6 percent fall.
Data showed that energy had the biggest impact on the annual fall in import prices. Energy prices plunged 20.6 percent. Excluding energy, import prices dropped only 0.3 percent from the last year. Month-on-month, import prices edged down 0.1 percent, in contrast to the 0.5 percent rise in November. Prices were expected to fall 0.4 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.