January 2017 German import prices 0.9% vs 0.4% exp m/m

January 2017 German import prices data report 2 March 2017

• Prior 1.9%

• 6.0% vs 5.5% exp y/y. Prior 3.5%

• Import ex-petroleum 0.7% vs 0.9% prior m/m

• 3.0% vs 1.7% prior y/y

• Export prices 0.6% vs 0.4% prior m/m

• 1.8% vs 1.1% prior y/y

Even stripping out the volatile petrol number, prices are still elevated. Export prices aren't keeping up with import prices which is likely to be squeezing margins.

No matter, it's all temporary, isn't it?

German import prices y/y