German import prices were down by 0.4 per cent YoY and 1.7 per cent month on month (MoM) in April, official statistical show.
The drop in April was the largest MoM decline in import prices since the start of the COVID-19 crisis in April 2020.
Energy had the biggest impact on the YoY decline in import prices.
Export prices in April this year were up by 1 per cent YoY and down by 0.5 per cent MoM.