According to the report from Federal Statistical Office (Destatis), the index of import prices decreased by 2.7% in August 2019 compared to the corresponding month of the preceding year. Economists had expected a 2.6% decrease. In July 2019 and in June 2019 the annual rates of change were -2.1% and -2.0%, respectively. 

From July 2019 to August 2019 the index fell by 0.6%. Economists had expected a 0.3% decrease.

The index of import prices, excluding crude oil and mineral oil products, decreased in August 2019 by 1.9% compared to August 2018 and in comparison with July 2019 it fell by 0.2%.

The index of export prices decreased by 0.1% in August 2019 compared to the corresponding month of the preceding year. In July 2019 and in June 2019 the annual rates of change were +0.2%, each. From July 2019 to August 2019 the index slightly fell by 0.1%.