German import price index roses 4.4 pct in September

German import prices index rose in the month of September. According to the Federal Statistical Office (Destatis), the import price index rose 4.4 percent year-on-year in the month, a slight slowdown from the previous month’s print. In August and in July 2018, the annual rates of change were 4.8 percent each. On a sequential basis, the index was up 0.4 percent. Excluding crude oil and mineral oil products, the import price index was up 2.3 percent year-on-year.

Meanwhile, the export price index rose 1.9 percent year-on-year in September, a slowdown from the prior month’s print. In August, the index had risen 2.1 percent, whereas it had risen 1.7 percent in the month of July. On a sequential basis, the export price index remained the same.

At 14:00 GMT the FxWirePro's Hourly Strength Index of Euro was neutral at 40.6578, while the FxWirePro's Hourly Strength Index of US Dollar was bearish at -87.7938. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex