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Import prices in November 2023: -9.0% on November 2022
Import prices were 9.0% lower in November 2023 compared with November 2022. The Federal Statistical Office (Destatis) also reports that the year-on-year change rate was -13.0% in October 2023 and -14.3% in September 2023. The large decreases are still primarily due to a base effect originating from the high price increases in 2022. Compared with October 2023, import prices fell slightly by 0.1% in November 2023. The year-on-year export prices decreased by 2.2% in November 2023. Compared with the previous month, export prices fell by 0.2%. Year-on-year import prices down due to lower energy prices Energy imports in ... (full story)