German Import Prices Fall More Than Expected

German import prices decreased at the fastest pace in three months in February and at a faster than expected pace, figures from the Federal Statistical Office showed on Tuesday.

The import price index dropped 2 percent year-on-year after a 0.9 percent fall in the previous month. Economists had forecast a 1.5 percent fall.

The latest fall was the worst since November, when import prices shrunk 2.1 percent.

On a month-on-month basis, import prices decreased 0.9 percent in February, which was far worse than the 0.3 percent drop economists had expected.

Excluding crude oil and mineral oil products, import prices decreased 1.5 percent year-on-year in February, while they were unchanged from the previous month.

The index of export prices rose 0.3 percent year-on-year after a 0.5 percent increase in January. Prices fell slightly by 0.1 percent from the previous month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Leave a Reply