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- German import and export prices rose more than expected in January
German import and export prices rose more than expected in January
As reported by the Federal Statistical Office (Destatis), the index of import prices increased by 6.0% in January 2017 compared with the corresponding month of the preceding year. This was the highest increase of a yearly rate of change since May 2011 (+6.3%). In December and in November 2016 the annual rates of change were +3.5% and +0.3%, respectively. From December 2016 to January 2017 the index rose by 0.9%.
The index of import prices, excluding crude oil and mineral oil products, increased by 3.0% compared with the level of a year earlier.
The index of export prices increased by 1.8% in January 2017 compared with the corresponding month of the preceding year. In December and in November 2016 the annual rates of change were +1.1% and +0.3%, respectively. From December 2016 to January 2017 the export price index rose by 0.6%.
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