As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 3.8% in July 2016 compared with the corresponding month of the preceding year. In June and in May 2016 the annual rates of change were -4.6% and -5.5%, respectively. From June to July 2016 the index rose slightly by 0.1%.

The index of import prices, excluding crude oil and mineral oil products, decreased by 2.4% compared with the level of a year earlier.

The index of export prices decreased by 1.2% in July 2016 compared with the corresponding month of the preceding year. In June and in May 2016 the annual rates of change were -1.3% and -1.6%, respectively. From June to July 2016 the index rose by 0.2%.