Germany's import prices down 1.7% in April

ISTANBUL

Germany's import prices saw a year-on-year decline of 1.7% in April, official figures from Destatis showed on Friday.

The year-on-year rate of change was minus 3.6% in March 2024, and minus 4.9% in February 2024, it recalled.

Meanwhile, on a monthly basis, import prices in April rose by 0.7%.


On the other hand, export prices were 0.2% lower in April on a yearly basis.

The federal statistical authority said the decline in import prices was mainly due to lower prices for intermediate goods and energy.

Intermediate goods and energy prices fell by 4.1% and 7%, respectively, year-on-year in April in the country.