Economic Buzz: German Import Price Inflation At Highest Level Since 1974

25 Feb 2022 , 05:05 PM

Germanys import price inflation advanced to 26.9 percent in January, the strongest since October 1974, from 24.0 percent in December, data from Destatis showed on Friday. On a monthly basis, import prices grew 4.3 percent, following a 0.1 percent gain in December. Import prices of energy posted a sharp 144.4 percent increase, due to increase in the price of natural gas. Excluding energy prices, import prices were 14.5 percent higher than in January 2021 and 2.5 percent higher than in December 2021.

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