- German import prices down 0.5% in March
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German import prices down 0.5% in March
As reported by the Federal Statistical Office (Destatis), the index of import prices increased by 6.1% in March 2017 compared with the corresponding month of the preceding year. In February 2017 and in January 2017 the annual rates of change were +7.4% and +6.0%, respectively. From February 2017 to March 2017 the index fell by 0.5%.
The index of import prices, excluding crude oil and mineral oil products, increased by 4.2% compared with the level of a year earlier.
The index of export prices increased by 2.3% in March 2017 compared with the corresponding month of the preceding year. In February 2017 and in January 2017 the annual rates of change were +2.5% and +1.8%, respectively. From February 2017 to March 2017 the export price index did not change.
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