German import prices 1.4% lower YoY in Jul; export prices 0.5% up YoY

Germany’s import prices were 1.4 per cent lower YoY and 0.4 per cent month on month (MoM) in July, official statistics show.
Export prices were 0.6 per cent higher YoY and 0.2 per cent lower MoM in the month.
The 12.5-per cent YoY drop in energy prices had the biggest impact on July import prices.
When energy prices are excluded, import prices in July were down by 0.2 per cent YoY and 0.4 per cent MoM.