German import prices jump 1.0% in August as cost pressures build

Germany August import prices +1.0% vs +0.7% m/m expected Prior +0.2% Germany August import prices +8.3% vs +8.0% y/y expected Prior +6.8% The breakdownImport prices rose another 1.0% on the month in August, pushing the annual rate up sharply to 8.3% from 6.8%. This marks the…