- German import prices increased by 4.8% on year
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German import prices increased by 4.8% on year
As reported by the Federal Statistical Office (Destatis), the index of import prices increased by 4.8% in October 2018 compared with the corresponding month of the preceding year. In September and in August 2018 the annual rates of change were +4.4% and +4.8%, respectively. From September 2018 to October 2018 the index rose by 1.0%.
The index of import prices, excluding crude oil and mineral oil products, increased by 2.4% compared with the level of a year earlier.
The index of export prices increased by 2.0% in October 2018 compared with the corresponding month of the preceding year. In September and in August 2018 the annual rates of change were +1.9% and +2.1%, respectively. From September 2018 to October 2018 the export price index rose by 0.2%.
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