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Germany's import prices plummet 14.3% in September 2023

01 Nov '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Germany witnessed a significant drop in import prices by 14.3 per cent YoY in September 2023, largely attributed to base effects and the Ukraine conflict.
  • Imported consumer goods prices were almost flat compared to a year earlier.
  • Export prices also declined by 4.1 per cent YoY.
  • However, both import and export prices saw modest month-to-month increases.

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