Germany’s import prices declined at the fastest pace seen so far this year in October, figures from Destatis showed Friday.
Import prices fell 4.1 percent year-on-year in October, bigger than September’s 4 percent decrease and a 3.9 percent drop forecast by economists. This was the biggest fall since January, when it plunged 4.4 percent.
Excluding crude oil and mineral oil products, import prices decreased 0.5 percent compared with a year earlier.
At the same time, export prices gained 0.2 percent, which was slightly slower than the 0.3 percent increase seen in September.
Month-on-month, import prices decreased 0.3 percent and export prices slid 0.2 percent.
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