BERLIN: 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.
