Germany's import price inflation slowed for the seventh consecutive month in April, data released by the Federal Statistical Office showed Tuesday.
The import price index increased 2.3 percent on an annual basis in April, slower than the 3.1 percent growth seen in March. The rate of growth slowed regularly since September 2011.
Excluding crude oil and mineral oil products, the import price inflation was 1.4 percent during the month, data showed.
Month-on-month, import prices dropped 0.5 percent in April, reversing the previous month's 0.7 percent increase.
At the same time, the export price index rose 1.8 percent annually in April, following the previous month's 1.9 percent gain. Compared to March, export prices edged up 0.2 percent during the month, unchanged from the growth rate seen in the previous month.
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