Destatis released its import prices data for Germany on Wednesday. German import prices declined by 4.0% in September from last year, after a 3.1% fall in August.

The decline was driven by a drop in energy prices, which plunged 31.9% in September.

Import prices decline since January 2013.

On a monthly base, import prices decreased 0.7% in September, after a 1.5% fall in August.

On a yearly base, import prices excluding crude oil and mineral oil products climbed by 0.2% in August.

Export prices increased 0.3% year-on-year in September, after a 0.8% rise in August.

On a monthly base, export prices were down 0.3% in September, after a 0.5% decline in August.