The German import price index dropped in the month of September. According to the Federal Statistical Office (Destatis), the index of import prices dropped 2.5 percent year-on-year, as compared with August’s print of -2.7 percent and July’s print of -2.1 percent. On a sequential basis, the import price index rose 0.6 percent.
Excluding crude oil and mineral oil products, the index dropped 1.6 percent year-on-year, whereas it rose 0.4 percent on a sequential basis.
The export prices index stayed the same in the month on a year-on-year basis. The August and July annual rates of change were -0.1 percent and +0.2 percent, respectively. On a sequential basis, the export price index rose a bit by 0.1 percent.
