German import prices drop 1.3% in Sept, ending three-month rise
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In September 2024, German import prices decreased by 1.3% year-over-year, marking the end of a three-month growth streak and reversing from a 0.2% rise in August.
German import prices drop 1.3% in Sept, ending three-month rise The decline was primarily driven by a significant drop in energy prices (-16.1%), with notable reductions in diesel (-34.2%), gasoline (-30.9%), electricity (-22.2%), crude oil (-19.9%), and natural gas (-5.6%). Prices also fell for intermediate goods (-0.4%) and capital goods (-0.3%). Conversely, consumer goods prices rose by 1.9%, with durable goods increasing by 0.4% and non-durable goods by 2.4%. Agricultural products saw a 7.3% price increase, primarily fueled by a steep rise in raw cocoa prices (107.8%).
German import prices drop 1.3% in Sept, ending three-month rise The decline was primarily driven by a significant drop in energy prices (-16.1%), with notable reductions in diesel (-34.2%), gasoline (-30.9%), electricity (-22.2%), crude oil (-19.9%), and natural gas (-5.6%). Prices also fell for intermediate goods (-0.4%) and capital goods (-0.3%). Conversely, consumer goods prices rose by 1.9%, with durable goods increasing by 0.4% and non-durable goods by 2.4%. Agricultural products saw a 7.3% price increase, primarily fueled by a steep rise in raw cocoa prices (107.8%).