German import prices fall again in July

The price of imported goods in Germany continued to fall in July, according to official data published today.

The German import price index fell by 0.5 per cent in July from June and was 4.2 per cent lower than it had been in July 2001, the Federal Statistics Office calculated.

In June and May, the index fell by 5.2 per cent and 4.3 per cent, respectively, on a 12-month basis.

Excluding oil and petrol, the import price index would have fallen by 3.3 per cent year-on-year, the statisticians said.

At the same time, the German export price index edged 0.1 per cent lower in July from June and was 0.5 per cent lower than it had been in July 2001, the office said.

AFP