Destatis released its import prices data for Germany on Thursday. German import prices declined by 3.1% in December from last year, after a 3.5% fall in November.

The decline was driven by a drop in energy prices, which plunged 25.9% year-on-year in December.

Import prices decline since January 2013.

On a monthly base, import prices decreased 1.2% in December, after a 0.2% fall in November.

On a yearly base, import prices excluding crude oil and mineral oil products fell by 0.9% in December.

In 2015 as whole, import prices slid 2.6%, after a 2.2% fall in 2014.

Export prices increased 0.2% year-on-year in December, after a 0.3% rise in November.

On a monthly base, export prices were down 0.4% in December, after a 0.1% rise in November.

In 2015 as whole, export prices climbed 0.9%.