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flag German import prices fell 1.5% yearly in August, mainly due to a 15.6% drop in energy costs.

flag German import prices fell 1.5% year-on-year in August, the largest drop since April 2024, driven by a 15.6% plunge in energy prices, according to Destatis. flag Excluding energy, import prices were flat annually. flag Monthly, import prices dropped 0.5%, following a 0.4% decline in July. flag Export prices rose 0.5% annually, down from 0.6% in July, and fell 0.1% month-on-month. flag The data reflects ongoing downward pressure on import costs, mainly due to lower energy prices, with core import trends stable.

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