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- German import prices fell sharply in September
German import prices fell sharply in September
As reported by the Federal Statistical Office (Destatis), the selling prices in wholesale trade fell by 1.9% in September 2019 from the corresponding month of the preceding year. In August 2019 and in July 2019 the annual rates of change had been -1.1% and -0.1%, respectively.
From August 2019 to September 2019 the index fell by 0.4%.
The biggest influence on the overall development compared to the same month of the previous year in September 2019 was the 11.0% lower prices in the wholesale trade in mineral oil products. Likewise, there were substantial price declines compared to the previous year in the wholesale of waste and scrap (-12.8%), cereals, raw tobacco, seeds and animal feed (-9.4%), as well as in computing, peripherals and software (-6.6%) %). In contrast, prices for live animals (+13.8%) and for meat and meat products (+5.2%) at wholesale level were higher than in September 2018.
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