German import price index rises in September

German import price index rose year-on-year in September. The Federal Statistical Office showed that the index of import prices rose 3 percent year-on-year. This is compared to the 2.1 percent and 1.9 percent year-on-year rise recorded in August and July of 2017, respectively. On a sequential basis, the index rose 0.9 percent. Excluding crude oil and mineral oil products, the index of import prices rose 2.1 percent year-on-year.

The index of export prices rose 1.7 percent year-on-year in September, as compared with the annual rates of change of 1.5 percent recorded in August and July. On a sequential basis, the index of export prices grew 0.2 percent.

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