Germany’s import prices decreased at a slower-than-expected pace in May, figures from Destatis showed Tuesday.
The import price index fell 5.5 percent year-over-year in May, slower than the 6.6 percent decline in April, which was the biggest fall since October 2009 Economists had expected a 5.8 percent drop for the month.
The annual decline in May was largely drive by a 26.5 percent slump in energy prices. Excluding energy, import prices slid 2.7 percent.
On a monthly basis, import prices rose 0.9 percent in May, reversing a 0.1 percent decrease in the preceding month. That was above economists’ expectations for a 0.6 percent climb.
Export prices dipped 1.6 percent yearly in May, while it edged up 0.2 percent from a month earlier.
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