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Financial News: Germany's Import Price Inflation Rises In November

Germany's Import Price Inflation Rises In November

12/22/2017 - 02:42:00 (RTTNews)

(RTTNews) - Germany's import price inflation increased in November, figures from Destatis showed Friday.

Producer price inflation rose marginally to 2.7 percent in November from 2.6 percent in October. The annual increase was largely driven by the 17.3 percent surge in energy prices.

Excluding crude oil and mineral oil products, import prices advanced 1.2 percent from same period of 2016.

On a monthly basis, producer prices climbed 0.8 percent, following October's 0.6 percent increase.

Data showed that export price inflation slowed to 1.2 percent from 1.5 percent in October. Month-on-month, export prices gained 0.2 percent after rising 0.1 percent in October.

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