Market news
14.10.2019, 06:20

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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