As reported by the Federal Statistical Office (Destatis), the index of import prices increased by 6.0% in January 2017 compared with the corresponding month of the preceding year. This was the highest increase of a yearly rate of change since May 2011 (+6.3%). In December and in November 2016 the annual rates of change were +3.5% and +0.3%, respectively. From December 2016 to January 2017 the index rose by 0.9%.

The index of import prices, excluding crude oil and mineral oil products, increased by 3.0% compared with the level of a year earlier.

The index of export prices increased by 1.8% in January 2017 compared with the corresponding month of the preceding year. In December and in November 2016 the annual rates of change were +1.1% and +0.3%, respectively. From December 2016 to January 2017 the export price index rose by 0.6%.