Germany July import price index +0.3% vs +0.2% m/m expected

Latest data released by Destatis - 28 August 2020

• Prior +0.6%
• Import price index -4.6% vs -4.7% y/y expected
• Prior -5.1%

Slight delay in the release by the source. Import prices continue to pick up after bottoming out in April but relative to a year ago, prices remain relatively subdued still. A minor data point and acts as a proxy indicator for inflation pressures.