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German import prices dropped 1.4% yearly in October, driven by a 15.1% energy price plunge, while retail sales fell unexpectedly 0.3% monthly.
German import prices fell 1.4% year-on-year in October, slightly less than forecast, driven by a 15.1% drop in energy prices, while retail sales unexpectedly declined 0.3% month-on-month, defying forecasts.
The retail sector projects €126.2 billion in holiday sales but remains cautious, with a quarter of retailers expecting poor performance.
Germany’s November inflation data is expected to rise to 2.4% from 2.3% in October.
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Los precios de importación alemanes cayeron un 1,4% anual en octubre, impulsados por una caída del 15,1% en los precios de la energía, mientras que las ventas al por menor cayeron inesperadamente un 0,3% mensual.