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Germany's import prices plummet 14.3% in September 2023

01 Nov '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Germany witnessed a significant drop in import prices by ****% YoY in September 2023, largely attributed to base effects and the Ukraine conflict.
  • Imported consumer goods prices were almost flat compared to a year earlier.
  • Export prices also declined by ***% YoY.
  • However, both import and export prices saw modest month-to-month increases.

Compared to August ****, import prices experienced a modest uptick of *.* per cent in September ****.

Energy imports in September **** were **.* per cent less expensive than in September ****, although they were *.* per cent higher compared to August ****. Excluding energy prices, import prices were *.* per cent lower YoY but showed a slight increase of *.* per cent compared to August ****, as per Destatis.

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