Germany January import price index -1.2% vs -1.5% m/m expected
Prior -1.6%Import price index +6.6% vs +6.3% y/y expectedPrior +12.6%The headline reading seems like a positive development but the details highlight that there are some mixed signals to be wary of. The monthly drop owes much to a decline in energy import prices (-8.9%) whereas consumer goods (+0.7%) and intermediate goods (+0.3%) saw price increases. This article was written by Justin Low at www.forexlive.com.
- Prior -1.6%
- Import price index +6.6% vs +6.3% y/y expected
- Prior +12.6%
The headline reading seems like a positive development but the details highlight that there are some mixed signals to be wary of. The monthly drop owes much to a decline in energy import prices (-8.9%) whereas consumer goods (+0.7%) and intermediate goods (+0.3%) saw price increases.
This article was written by Justin Low at www.forexlive.com.
