Economic news

German April Import Prices Surge 31.7%

BERLIN, May 30 (Reuters) - Driven by climbing energy prices, German import prices surged 31.7% in April compared to last year's period, the strongest increase since September 1974, the statistics office said on Monday.

Rising prices for intermediate goods including nitrogen compounds, metals and plastics were also key contributors to the increase, which was broadly in line with an expected 32% rise.

Compared to March, April import prices rose 1.8% versus expectations of 2%.

April export prices increased 16% year-on-year and were 0.8% higher than in March.

Reporting by Kirsti Knolle, Editing by Miranda Murray

Source: Reuters


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree