Germany's import prices go up on monthly basis in October, 2024

Published December 1st, 2024 - 06:53 GMT
Import prices
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Import prices in Germany rose by 0.6% on a monthly basis in October, federal statistical authority Destatis revealed on Friday.

Energy prices rose significantly from September to October; heating oil went up by 4.9%, and petrol increased by 4.5%.

The import prices for nondurable consumer goods and intermediate goods were 0.5% higher than in September.

Import prices fell 0.8% year-on-year, owing primarily to lower energy prices.

Export prices of the country rose both on a yearly and monthly basis, 0.6% and 0.3%, respectively.

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