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- German import prices continued to decline in November
German import prices continued to decline in November
According to the report from Federal Statistical Office (Destatis), the index of import prices decreased by 2.1% in November 2019 compared to the corresponding month of the preceding year. In October 2019 and in September 2019 the annual rates of change had been -3.5% and -2.5%, respectively. From October 2019 to November 2019 the index rose by 0.5%.
The index of import prices, excluding crude oil and mineral oil products, decreased in November 2019 by 2.1% compared to November 2018. In comparison with October 2019 it rose by 0.3%.
The index of export prices fell by 0.1% in November 2019 compared to the corresponding month of the preceding year. In October 2019 the annual rate of change had been -0.2%, in September 2019 the index had not changed compared to September 2018. From October 2019 to November 2019 the index remained unchanged.
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