Press release No. 030 of 29 January 2018
WIESBADEN – The index of import prices rose by 3.8% on an annual average in 2017 compared with 2016 (2016: –3.1% compared with 2015), as reported by the Federal Statistical Office (Destatis). This was the highest price increase since 2011 (+6.4% compared with 2010).
In December 2017 the index of import prices increased by 1.1% compared with the corresponding month of the preceding year. This was the lowest price increase since November 2016 (+0.3% compared with November 2015). In November and in October 2017 the annual rates of change were +2.7% and +2.6%, respectively. From November to December 2017 the index rose by 0.3%.
In 2017 the index of import prices, excluding crude oil and mineral oil products, was on an annual average 2.7% above the level of a year earlier. In December 2017 it increased by 0.4% compared to December 2016 and in comparison with November 2017 it slightly rose by 0.1%.
The index of export prices increased by an average 1.8% in 2017 compared with 2016. This was the highest price increase since 2011 (+3.3% compared with 2010). In December 2017, it increased by 1.0% compared with the corresponding month of the preceding year. In November and in October 2017 the annual rates of change were +1.2% and +1.5%, respectively. From November to December 2017 the index rose by 0.1%.
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.
