Germany July import price index -0.6% vs 0.0% m/m expected

<ul><li>Prior -1.6%</li><li>Import price index -13.2% vs -12.9% y/y expected</li><li>Prior -11.4%</li></ul><p>The main drag on the year-on-year reading is energy price developments. If you strip out energy prices, import prices were only down 3.1% compared to July last year. But with an increase of energy prices by 0.5% on the month, the July import price reading would actually be down 0.9% if you strip out energy prices.</p>

This article was written by Justin Low at www.forexlive.com.