Germany Import Prices Fall At Slower Pace

Germany's import prices declined at a slower pace in November on weak energy prices, data from Destatis revealed Monday.

On a yearly basis, import prices decreased by less-than-expected 2.1 percent, following a 3.5 percent fall in October. A similar slower fall was last seen in July. Prices were expected to decline 2.3 percent.

The annual drop was largely driven by a 12.9 percent decrease in energy prices. Excluding energy, import prices were 0.6 percent below the level of November 2018. Compared to October, prices dropped 0.1 percent.

Overall import prices rose 0.5 percent month-on-month, in contrast to a 0.1 percent fall in October. Economists had forecast a 0.4 percent rise.

At the same time, export prices slid 0.1 percent annually after easing 0.2 percent in October. On month, export prices remained flat in November, as seen in October.

Get in Touch

Talk to us today and explore the future with WooHoo AI Ireland

Camden Street Lower, St Kevin's, Dublin 2


Phone. +353 - 214 - 651- 000

© 2018 by WooHoo AI. An Emma & Ariel Production Proudly created and operated by Roche Fintech 634861 / WooHoo AI Ireland / 77 Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |

Code of Practice | Refund Policy | Warranty | Cookie Policy | Sale T&Cs | Privacy Policy | How it Works | FAQ | Customer Notifications