Financial News: German Import Prices Rise 0.6% In November

German Import Prices Rise 0.6% In November

12/23/2024 - 02:26:00 (RTTNews)

(RTTNews) - Germany's import prices increased for the first time in three months in November, data from Destatis showed on Monday.

Import prices registered an annual increase of 0.6 percent, reversing a 0.8 percent decrease in October.

Month-on-month, import prices grew 0.9 percent, after rising 0.6 percent in the previous month. The expected rise was 0.5 percent.

The annual decline in energy eased notably to 8.2 percent from 14.1 percent, which largely drove the overall growth in import costs. Excluding energy, import prices were 1.7 percent higher than in November last year.

Imported prices for consumer goods rose 3.4 percent, and those for agricultural goods surged 8.5 percent. Prices for intermediate and capital goods climbed 1.1 percent and 0.3 percent, respectively.

Data showed that export price inflation accelerated to 1.2 percent from 0.6 percent a month ago. On a monthly basis, export prices increased at a stable pace of 0.3 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Irish Wholesale Prices Rise 2.1% In November (06 min(s), 47 sec(s) ago)
(RTTNews) - Ireland's wholesale prices increased for the first time in four months in November ...Full Story»

Poland Unemployment Rate Rises To 5.0% (21 min(s), 47 sec(s) ago)
(RTTNews) - The unemployment rate in Poland increased for the first time in four months in Novembe ...Full Story»

Italy Non-EU Trade Surplus Shrinks In November (01 hr(s), 05 min(s), 47 sec(s) ago)
(RTTNews) - Italy's non-EU trade surplus declined in November from a year ago, as imports grew ...Full Story»

Spain Economy Logs Steady Growth As Estimated In Q3 (02 hr(s), 24 min(s), 47 sec(s) ago)
(RTTNews) - The Spanish economy expanded at a steady pace in the third quarter on domestic demand, ...Full Story»

Czech Economic Confidence Falls To 97.5 (02 hr(s), 56 min(s), 47 sec(s) ago)
(RTTNews) - The Czech economic confidence weakened slightly after rising in the previous month, su ...Full Story»

UK Economy Flatlines In Q3 (03 hr(s), 43 min(s), 47 sec(s) ago)
(RTTNews) - The UK economy stalled in the third quarter as the services sector posted nil growth a ...Full Story»

Norway Jobless Rate Falls To 3.7% (03 hr(s), 57 min(s), 47 sec(s) ago)
(RTTNews) - Norway's unemployment rate decreased in November to the lowest level in nine month ...Full Story»

Finland Jobless Rate Steady At 8.1% (04 hr(s), 11 min(s), 47 sec(s) ago)
(RTTNews) - Finland's unemployment rate held steady for the second straight month in November, ...Full Story»