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Germany import price inflation accelerates

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Staff Writer |
Germany import price
Europe   Export prices increased

Germany's import price inflation rose to a 4-month high in September, figures from Destatis showed Friday.

Import prices climbed 3% year-on-year in September, faster than the 2.1% increase in August. This was the fastest pace since May, when prices advanced 4.1% and also exceeded the expected growth of 2.6%.

Excluding crude oil and mineral oil products, imports prices advanced 2.1% in September.

Month-on-month, import prices grew 0.9% after staying flat in August. Economists had forecast a monthly 0.5% increase.

At the same time, export prices increased at a faster pace of 1.7%, following August's 1.5% rise. On month, export prices gained 0.2%, reversing a 0.1% drop in August.

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