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European Economic News

German Import Prices Continue To Fall

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Germany's import prices declined for the fourth consecutive month in April, data from Destatis showed Tuesday.

Import prices were down 3.2 percent annually, faster than the 2.3 percent drop in March. This was the biggest fall since November 2009, it said. Economists had forecast prices to ease by 2.3 percent again in April.

Excluding crude oil and mineral oil products, the index of import prices was 1.4 percent below the last year's level.

Month-on-month, overall import prices slipped 1.4 percent, again sharper than the 0.1 percent fall seen a month ago.

At the same time, export prices dropped 0.4 percent year-on-year in April after remaining flat in March. Compared to prior month, export prices dipped 0.2 percent.

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