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- Germany's import prices fell 2.5% in September
Germany's import prices fell 2.5% in September
According to the report from Federal Statistical Office (Destatis), the index of import prices decreased by 2.5% in September 2019 compared to the corresponding month of the preceding year. Economists had expected a 2.4% decrease. In August 2019 and in July 2019 the annual rates of change were -2.7% and -2.1%, respectively.
From August 2019 to September 2019 the index rose by 0.6%. Economists had expected a 0.2% increase.
The index of import prices, excluding crude oil and mineral oil products, decreased in September 2019 by 1.6% compared to September 2018 and in comparison with August 2019 it rose by 0.4%.
The index of export prices remained unchanged in September 2019 compared to the corresponding month of the preceding year. In August 2019 and in July 2019 the annual rates of change were -0.1% and +0.2%, respectively. From August 2019 to September 2019 the index slightly rose by 0.1%.
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