Germany's import prices increased at the fastest pace since early 2023 in April due to the sharp increases in energy and intermediate goods prices amid the war in the Middle East, data from Destatis showed on Friday.
Import prices grew 5.3 percent year-on-year in April after rising 2.3 percent in the previous month. This was the fastest growth since January 2023 and also marked the second consecutive rise.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.