WIESBADEN – The index of import prices rose by 8.0% on an annual average in 2011 compared with 2010. This was the highest price increase since 2000 (+10.2% compared with 1999), as reported by the Federal Statistical Office (Destatis). In December 2011, it rose by 3.9% compared with the corresponding month of the preceding year. In November and in October 2011 the annual rates of change were +6.0% and +6.8%, respectively. From November to December 2011 the index rose by 0.3%. The index of import prices, excluding crude oil and mineral oil products, was on an annual average 5.1% above the level of a year earlier (+2.1% compared to December 2010 and +0.3% in comparison with November 2011). The index of export prices increased 3.7% on an annual average in 2011 from the previous year. In December 2011, it was up 2.1% compared with the corresponding month of the preceding year. In November and in October 2011 the annual rates of change were +2.9% and +3.0%, respectively. From November to December 2011 the index rose by 0.1%.
