As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 2.6% in August 2016 compared with the corresponding month of the preceding year. In July and in June 2016 the annual rates of change were -3.8% and -4.6%, respectively. From July to August 2016 the index fell by 0.2%.
The index of import prices, excluding crude oil and mineral oil products, decreased by 1.9% compared with the level of a year earlier.
The index of export prices decreased by 0.9% in August 2016 compared with the corresponding month of the preceding year. In July and in June 2016 the annual rates of change were -1.2% and -1.3%, respectively. From July to August 2016 the index fell slightly by 0.1%.
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