Press release No. 148 of 29 April 2020
Import prices, March 2020
-3.5% on the previous month
-5.5% on the same month a year earlier
Export prices, March 2020
-0.7% on the previous month
-0.5% on the same month a year earlier
WIESBADEN – As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 5.5% in March 2020 compared with the corresponding month of the preceding year. This has been the highest price decrease compared to the previous year since May 2016 (-5.7%). In February 2020 and in January 2020 the annual rates of change were -2.0% and -0.9%, respectively. From February 2020 to March 2020 the index fell by 3.5%.
The index of import prices, excluding crude oil and mineral oil products, decreased in March 2020 by 2.2% compared with March 2019 and in comparison with February 2020 it fell by 0.9%.
The index of export prices decreased by 0.5% in March 2020 compared with the corresponding month of the preceding year. This has been the highest price decrease compared to the previous year since September 2016 (-0.7%). In February 2020 and in January 2020 the annual rates of change were +0.3% and +0.5%, respectively. From February 2020 to March 2020 the index fell by 0.7%.
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.
