Press release No. 425 of 28 October 2020

Import prices, September 2020
+0.3% on the previous month
-4.3% on the same month a year earlier

Export prices, September 2020
+0.1% on the previous month
-1.1% on the same month a year earlier

WIESBADEN – As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 4.3% in September 2020 compared with the corresponding month of the preceding year. In August 2020 and in July 2020 the annual rates of change were -4.0% and -4.6%, respectively. From August 2020 to September 2020 the index rose by 0.3%.

The index of import prices, excluding crude oil and mineral oil products, decreased in September 2020 by 1.9% compared with September 2019.

The index of export prices decreased by 1.1% in September 2020 compared with the corresponding month of the preceding year. In August 2020 and in July 2020 the annual rates of change were also -1.1%, each. From August 2020 to September 2020 the index slightly rose by 0.1%.

Crisis Monitor allows comparison between corona crisis and and financial and economic crisis
The import prices are also part of the "Crises monitor", which is used by the Federal Statistical Office to compare the development of major short-term indicators between the corona crisis and the financial and economic crisis of 2008/2009. The "Crisis Monitor" complements the "Corona statistics" webpage, which has provided statistical information on the economic and social consequences of the corona pandemic since early April.

More detailed data and long time series are available in tables Index of import prices (61411-0006) and Index of export prices (61421-0006) in the GENESIS-Online database.