Destatis released its import prices data for Germany on Friday. German import prices declined by 0.8% in May from last year, after a 0.6% fall in April.

Import prices decline since January 2013.

On a monthly base, import prices decreased 0.2% in May, after a 0.6% rise in April.

On a monthly base, import prices excluding crude oil and mineral oil products climbed by 2.4% in May.

Export prices climbed 1.4% year-on-year in May, after a 1.6% increase in April.

On a monthly base, export prices were down 0.2% in May, after a 0.3% rise in April.