German Import Prices Continue To Fall
Germany's import prices decreased for the ninth successive month in September, and the rate of fall matched economists' forecast, latest data showed Thursday.
The import price index decreased 2.8 percent in September from the same month of last year, marking the ninth fall in a row, the Federal Statistical Office said. The outcome matched economists' forecast. In August, prices had declined 3.4 percent.
Contributing to the decline of the headline index, energy prices fell 6.3 percent annually, and metal costs declined 9.7 percent.
Import prices, excluding petroleum and petroleum products, were lower by 2.3 percent than in September 2012, data showed.
Sequentially, import prices stayed unchanged in September, after rising 0.1 percent in August. Expectations were for a 0.1 percent rise in September.
The statistical office further noted that Germany's export prices decreased 1 percent year-on-year in September, as they did in August. On a month-on-month basis, export prices stayed flat for the second straight month in September.
news.instaforex.com »