-
Import prices in September 2023: -14.3% on September 2022
Import prices were 14.3% lower in September 2023 compared with September 2022. The Federal Statistical Office (Destatis) also reports that the year-on-year change rate was -16.4% in August 2023 and -13.2% in July 2023. The large decreases are primarily due to a base effect originating from the high price increases in 2022 as a result of the war in Ukraine. Compared with August 2023, import prices were up 1.6% in September 2023.The year-on-year export prices decreased by 4.1% in September 2023. Compared with the previous month, export prices rose by 0.4%. Year-on-year import prices decreased due to lower energy ... (full story)