German import costs rose strongly in January, reflecting the strongest month-to-month soar since January final yr. However in comparison with the identical month a yr in the past, import costs are seen down 2.3%. As soon as once more, that’s largely as a consequence of a drag in power costs – down by over 21% in that interval. Should you strip that out, import costs have been really up 0.1% year-on-year as a substitute.
Trying on the breakdown for the month although, we will see the modifications as per the next:
- Capital items +0.4%
- Intermediate items +2.2%
- Sturdy shopper items +0.4%
- Non-durable shopper items -0.4%
- Power costs +3.5%; of which electrical energy +16.6%, crude oil +4.1%, petroleum merchandise +0.7%
