German Import Prices Rise, Led by Energy, Metals

The cost of goods imported into Germany, Europe’s largest economy, rose more than expected in July driven by higher prices for energy and metals.

“It’s purely driven by costs for raw materials and energy,” said Rainer Guntermann, an economist at Dresdner Kleinwort in Frankfurt, who expects the ECB to raise the key rate two more times this year. “Growth is strong enough to boost capacity use, which means we’re edging closer to more serious price pressure.”
Bloomberg