Germany's import prices declined for the third straight month in June due to falling energy prices, Destatis reported Thursday.Import prices dropped 1.4 percent in June from a year ago, sharper than the 1.1 percent decrease seen in May. This was the third consecutive fall. Economists had forecast an annual drop of 1.6 percent.The sharp decrease in energy prices had the biggest impact on overall im...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.