German import price index rises year-on-year in March

German import price index rose in the month of March, According to the Federal Statistical Office (Destatis), the index of import prices rose 1.7 percent year-on-year. In the prior months, the annual rates had risen 1.6 percent and 0.8 percent. The sequential rate in March remained the same. Excluding crude oil and mineral oil products, the index of import prices rose 1 percent year-on-year, whereas it fell 0.2 percent sequentially.

The export price index rose 1.3 percent year-on-year in March. The annual rates for the month of February and January were 1.3 percent and 1.1 percent, respectively. Meanwhile, on a sequential basis, the index of export prices were up 0.1 percent in March.

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