Germany's import prices continued to decline in September, data from Destatis showed Tuesday.
Import prices slid 1.6 percent year-on-year in September, which was slower than the 1.9 percent decrease seen in August. The index has declined in each consecutive month since January 2013.
Nonetheless, the annual rate of decline was slower than a 1.9 percent decrease forecast by economists.
Excluding crude oil and mineral oil products, the import price index was 0.6 percent below the level of a year earlier.
Month-on-month, import prices gained 0.3 percent, confounding expectations of a 0.1 percent drop. In August, import prices slid 0.1 percent.
At the same time, export prices advanced 0.1 percent from a year ago, offsetting a 0.1 percent fall in August. On a monthly basis, export prices were up 0.2 percent after staying flat in August.
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