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- German import prices fell more than expected in August
German import prices fell more than expected in August
According to the report from Federal Statistical Office (Destatis), the index of import prices decreased by 2.7% in August 2019 compared to the corresponding month of the preceding year. Economists had expected a 2.6% decrease. In July 2019 and in June 2019 the annual rates of change were -2.1% and -2.0%, respectively.
From July 2019 to August 2019 the index fell by 0.6%. Economists had expected a 0.3% decrease.
The index of import prices, excluding crude oil and mineral oil products, decreased in August 2019 by 1.9% compared to August 2018 and in comparison with July 2019 it fell by 0.2%.
The index of export prices decreased by 0.1% in August 2019 compared to the corresponding month of the preceding year. In July 2019 and in June 2019 the annual rates of change were +0.2%, each. From July 2019 to August 2019 the index slightly fell by 0.1%.
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