Destatis released its import prices data for Germany on Friday. German import prices declined by 4.1% in October from last year, after a 4.0% fall in September.

The decline was driven by a drop in energy prices, which plunged 30.0% year-on-year in October.

Import prices decline since January 2013.

On a monthly base, import prices decreased 0.3% in October, after a 0.7% fall in September.

On a yearly base, import prices excluding crude oil and mineral oil products fell by 0.5% in October.

Export prices increased 0.2% year-on-year in October, after a 0.3% rise in September.

On a monthly base, export prices were down 0.2% in October.