Forex News

Inflation import prices in Germany hit 6-month low

Growth in import prices in Germany slowed to the lowest level in six months in November, after accelerating the previous month, as evidenced by data from the Federal Statistical Office, published on Friday.
The import price index rose 3.1 percent in November, after rising 4.8 percent in October. The last increase was the fastest since May, when import prices increased by 2.9 percent compared to the previous year.
Compared with the previous month, import prices fell by 1.0 percent in November after a similar increase in the previous month.
Export prices increased by 1.7 percent year-on-year in November, but fell by 0.1 percent on a monthly basis.