- German import prices fell sharply in November - Destatis
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German import prices fell sharply in November - Destatis
As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 3.8% in November 2020 compared with the corresponding month of the preceding year. In October 2020 and in September 2020 the annual rates of change were -3.9% and -4.3%, respectively. From October 2020 to November 2020 the index rose by 0.5%.
The index of import prices, excluding crude oil and mineral oil products, decreased in November 2020 by 1.3% compared with November 2019.
The index of export prices decreased by 0.6% in November 2020 compared with the corresponding month of the preceding year. In October 2020 and in September 2020 the annual rates of change were -1.0% and -1.1%, respectively. From October 2020 to November 2020 the index rose by 0.4%.
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