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German import prices fell 11 percent in September

German import prices fell 11 percent in September

German import prices fell 11 percent in September compared with the same month a year ago, as fuel prices in particular declined, the Federal Statistical Office said Wednesday.
Import prices fell 0.9 percent compared to August, the office said.
The statistical office, based in Wiesbaden, said export prices also decreased 3.2 percent compared to September 2008, while prices for exports fell 1 percent compared with August.
The office said import prices were most affected by the 38 percent fall in energy prices during September.
Metals, metal products and ores also showed steep declines, as did the import prices for most foods.
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Updated : 2021-01-20 09:37 GMT+08:00