Latest data released by Destatis - 28 May 2021
- Prior +1.8%
- Import price index +10.3% vs +9.9% y/y expected
- Prior +6.9%
A beat here reaffirms that price pressures are continuing to rise amid supply constraints, leading to higher input cost inflation. The year-on-year reading also stays elevated due to base effect adjustments to last year.
