As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 3.4% in December 2020 compared with the corresponding month of the preceding year. In November and in October 2020 the annual rates of change were -3.8% and -3.9%, respectively. From November 2020 to December 2020 the index rose by 0.6%.

On an annual average in 2020 the index of import prices was 4.3% lower than the average index of 2019 (2019: -1.0% compared with 2018).

The index of import prices, excluding crude oil and mineral oil products, decreased by 1.0% in December 2020 compared with December 2019 and in comparison with November 2020 it slightly rose by 0.1%.

On an annual average in 2020 it was 2.0% under the level of a year earlier.

The index of export prices decreased by 0.6% in December 2020 compared with the corresponding month of the preceding year. In November and in October 2020 the annual rates of change were -0.6% and -1.0%, respectively. From November 2020 to December 2020 the index slightly rose by 0.1%.

On an annual average it decreased by 0.7% in 2020 compared with 2019.