Export prices increased by 1.2 per cent YoY in November, 0.6 per cent YoY in October and 0.4 per cent YoY in September this year. These were up by 0.3 per cent MoM in November.
Germany’s import prices rose by 0.6 per cent YoY and 0.9 per cent month on month (MoM) in November, but dropped by 0.8 per cent YoY in October.
Export prices rose by 1.2 per cent YoY in November, 0.6 per cent YoY in October.
These were up by 0.3 per cent MoM in November.
The 8.2-per cent YoY drop in energy prices had the biggest impact on the overall development of import prices in November.
The 8.2-per cent YoY decrease in energy prices had the biggest impact on the overall development of import prices in November.
When energy prices are excluded, import prices in November 2024 were 1.7 per cent higher YoY, and up by 0.5 per cent MoM. If only crude oil and mineral oil products are not considered, the import price index was 1.4 per cent higher YoY and 0.8 per cent higher MoM.
The import prices of consumer goods in November this year were 3.4 per cent higher YoY and 0.9 per cent higher MoM, a Destatis release said.
While durable consumer goods barely increased in price compared with November 2023, rising by 1.2 per cent YoY and 0.6 per cent MoM, the import prices of non-durable consumer goods were 4-per cent higher YoY and 1-per cent higher MoM.
Energy exports were 10.6 per cent less expensive YoY in November, but increased substantially by 7.7 per cent MoM.
Fibre2Fashion News Desk (DS)
