Destatis released its import prices data for Germany on Monday. German import prices declined by 6.6% in April from last year, after a 5.9% fall in March. It was the biggest drop since October 2009.

The decline was driven by a drop in energy prices, which plunged 30.8% year-on-year in April.

Import prices decline since January 2013.

On a monthly base, import prices decreased 0.1% in April, after a 0.7% rise in March.

On a yearly base, import prices excluding crude oil and mineral oil products fell by 4.0% in April.

Export prices dropped 2.0% year-on-year in April, after a 1.6% decrease in March.

On a monthly base, export prices were down 0.1% in April, after a 0.2% rise in March.