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- German import prices fell sharply in June
German import prices fell sharply in June
According to the report from Federal Statistical Office (Destatis), the index of import prices decreased by 2.0% in June 2019 compared to the corresponding month of the preceding year. Economists had expected a 1.5% decrease. In May 2019 and in April 2019 the annual rates of change were -0.2% and +1.4%, respectively. From May 2019 to June 2019 the index fell by 1.4%. Economists had expected a 0.8% decrease.
The index of import prices, excluding crude oil and mineral oil products, decreased in June 2019 by 1.5% compared to June 2018 and in comparison with May 2019 it fell by 0.7%.
The index of export prices increased by 0.2% in June 2019 compared to the corresponding month of the preceding year. In May 2019 and in April 2019 the annual rates of change were +0.7% and +1.3%, respectively. From May 2019 to June 2019 the index fell by 0.2%.
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