German import price index falls in September

The German import price index dropped in the month of September. According to the Federal Statistical Office (Destatis), the index of import prices dropped 2.5 percent year-on-year, as compared with August’s print of -2.7 percent and July’s print of -2.1 percent. On a sequential basis, the import price index rose 0.6 percent.

Excluding crude oil and mineral oil products, the index dropped 1.6 percent year-on-year, whereas it rose 0.4 percent on a sequential basis.

The export prices index stayed the same in the month on a year-on-year basis. The August and July annual rates of change were -0.1 percent and +0.2 percent, respectively. On a sequential basis, the export price index rose a bit by 0.1 percent.