Recent Updates
- Euro area: Flash Consumer Confidence (Apr)
- Ireland: Producer & Wholesale Price Indexes (Mar)
- UK: Capital Issuance (Mar)
- Spain: Trade in Constant Prices, Trade in Goods (Feb)
- Germany: Federal Budget, PPI, Monthly Tax Revenue (Mar), Short-term Indicator (Feb), Public Sector Finance (Q4)
- Colombia: Imports (Feb); Brazil: IPCA-15 (Apr)
- Turkey: Non-Domestic PPI, House Sales, Central Government and Domestic Debt by Instrument, External Debt by Lender, Domestic
- more updates...
Economy in Brief
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
U.S. Initial Claims for Unemployment Insurance Are Little Changed
Initial unemployment insurance claims slipped to 232,000 (-6.1% y/y) during the week ended April 14...
U.K. Retail Sales Fall
U.K. GDP is expected to cool its jets when the first quarter GDP number is released...
by Robert Brusca June 26, 2007
German export and import inflation is less more subdued than are domestic trends.
German export and import prices excluding energy flared to peaks in the second half of 2006. But now as they subside, it is Germany domestic excluding energy inflation that has flared.
German PPI prices excluding energy has flared in early 2007 then showed some sign of settling down. It is the German CPI where prices look to be still building. By May nonpetroleum import prices were rising at the same pace as CPI ex energy prices. The CPI ex-energy seems to have peaked in May but not yet declined.
| % m/m | % SAAR | ||||||
| SA | May-07 | Apr-07 | Mar-07 | 3-Mo | 6-Mo | 12-Mo | Yr-Ago |
| Export Prices | 0.3% | 0.2% | 0.0% | 1.9% | 1.5% | 1.8% | 2.7% |
| Import Prices | 0.3% | 0.8% | -0.1% | 4.2% | 1.5% | 0.6% | 7.5% |
| NSA | |||||||
| Exports excl Petroleum | 0.1% | 0.3% | 0.1% | 1.9% | 1.5% | 1.9% | 2.5% |
| Imports excl Petroleum | 0.0% | 0.3% | 0.1% | 1.6% | 0.6% | 1.3% | 4.2% |
| Memo: SA | |||||||
| CPI | 0.2% | 0.4% | 0.3% | 3.6% | 2.7% | 1.9% | 1.9% |
| CPI excl Energy | 0.1% | 0.4% | 0.1% | 2.2% | 1.9% | 1.9% | 0.7% |
| PPI | 0.3% | 0.1% | 0.2% | 2.4% | 1.5% | 1.9% | 6.2% |
| PPI excl Energy | 0.2% | 0.4% | 0.1% | 2.6% | 2.2% | 2.6% | 2.3% |
