German import prices decline further as oil prices slide
The pace of falls in German import prices accelerated in November as a result of the decline in the price of oil purchased abroad.
The country´s import price index retreated at a 2.1% year-on-year clip, in comparison to a fall of 1.6% in the prior month. In comparison to October prices decreased 0.8%, the Federal Office of Statistics said in a statement.
Excluding crude oil and mineral oil products import prices rose by 0.1% versus a year earlier.
Export prices were unchanged over the month, but rose by 0.3% year-on-year, the same as in October.