As reported by the Federal Statistical Office (Destatis), the index of import prices increased by 1.4% in February 2021 compared with the corresponding month of the preceding year. Economists had expected a 1.1% increase. In January 2021 and in December 2020 the annual rates of change were -1.2% and -3.4%, respectively. From January 2021 to February 2021 the index rose by 1.7%. Economists had expected a 1.3% increase.

The index of import prices, excluding crude oil and mineral oil products, increased by 1.5% in February 2021 compared with February 2020 and in comparison with January 2021 it rose by 1.0%.

The index of export prices increased by 0.7% in February 2021 compared with the corresponding month of the preceding year. In January 2021 and in December 2020 the annual rates of change were +0.1% and -0.6%, respectively. From January 2021 to February 2021 the index rose by 0.5%.