Financial News: German Import Price Inflation Strongest Since 2023

German Import Price Inflation Strongest Since 2023

03/31/2025 - 03:30:00 (RTTNews)

(RTTNews) - Germany's import prices grew at the fastest pace in more than two years in February, data from Destatis released on Monday.

Import prices rose 3.6 percent on a yearly basis in February, following January's 3.1 percent increase. The import price index registered its fastest growth since January 2023.

The annual growth was largely driven by prices of consumer goods, non-durable consumer goods and agricultural goods.

On a monthly basis, import prices moved up 0.3 percent but slower than the 1.1 percent increase seen in January. This was the weakest growth in the current five-month sequence of expansion.

Further, data showed that export prices were 2.5 percent higher than in the same period last year, marking the largest annual increase recorded since March 2023. This followed January's 2.4 percent increase.

Month-on-month, export price inflation softened to 0.3 percent from 0.7 percent in January.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovenia Retail Sales Fall 2.0% In March (07 hr(s), 10 min(s), 29 sec(s) ago)
(RTTNews) - Retail trade turnover in Slovenia shrunk in March amid weaker demand for foods as well ...Full Story»

U.S. Consumer Confidence Slumps More Than Expected In April (07 hr(s), 17 min(s), 29 sec(s) ago)
(RTTNews) - Largely reflecting a significant deterioration by consumer expectations, the Conferenc ...Full Story»

Euro Area Inflation Expectations Highest Since 2024: ECB Survey (07 hr(s), 24 min(s), 29 sec(s) ago)
(RTTNews) - Eurozone consumers' inflation expectations for one year and three years ahead incr ...Full Story»

U.S. Job Openings Decrease More Than Expected In March (07 hr(s), 29 min(s), 29 sec(s) ago)
(RTTNews) - The Labor Department released a report on Tuesday showing job openings in the U.S. fel ...Full Story»

Turkey Economic Confidence Weakens In April (07 hr(s), 33 min(s), 29 sec(s) ago)
(RTTNews) - Turkey's economic sentiment weakened in April to the lowest level in seven months, ...Full Story»

Swedish Economic Confidence Falls Slightly In April (08 hr(s), 39 min(s), 29 sec(s) ago)
(RTTNews) - Sweden's economic confidence decreased further in April to the lowest level in six ...Full Story»

Iceland Inflation Accelerates First Time In 9 Months (09 hr(s), 08 min(s), 29 sec(s) ago)
(RTTNews) - Consumer price inflation climbed in April for the first time in nine months, prelimina ...Full Story»

Eurozone Loans To Private Sector Rise Faster (09 hr(s), 23 min(s), 29 sec(s) ago)
(RTTNews) - Adjusted loans to the euro area private sector grew at a faster pace in March as lendi ...Full Story»