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- German import prices fell markedly in July
German import prices fell markedly in July
According to the report from Federal Statistical Office (Destatis), the index of import prices decreased by 2.1% in July 2019 compared to the corresponding month of the preceding year. Economists had expected a 1.7% decrease. In June 2019 and in May 2019 the annual rates of change were -2.0% and -0.2%, respectively. From June 2019 to July 2019 the index fell by 0.2%. Economists had expected the index to remain unchanged.
The index of import prices, excluding crude oil and mineral oil products, decreased in July 2019 by 1.7% compared to July 2018 and in comparison with June 2019 it fell by 0.3%.
The index of export prices increased by 0.2% in July 2019 compared to the corresponding month of the preceding year. In June 2019 and in May 2019 the annual rates of change were +0.2% and +0.7%, respectively. From June 2019 to July 2019 the index slightly rose by 0.1%.
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