Press release No. 042 of 29 January 2021
Import prices, December 2020
+0.6% on the previous month
-3.4% on the same month a year earlier
-4.3% on an annual average in 2020 compared to 2019
Export prices, December 2020
+0.1% on the previous month
-0.6% on the same month a year earlier
-0.7% on an annual average in 2020 compared to 2019
WIESBADEN – As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 3.4% in December 2020 compared with the corresponding month of the preceding year. In November and in October 2020 the annual rates of change were -3.8% and -3.9%, respectively. From November 2020 to December 2020 the index rose by 0.6%.
On an annual average in 2020 the index of import prices was 4.3% lower than the average index of 2019 (2019: -1.0% compared with 2018).
The index of import prices, excluding crude oil and mineral oil products, decreased by 1.0% in December 2020 compared with December 2019 and in comparison with November 2020 it slightly rose by 0.1%.
On an annual average in 2020 it was 2.0% under the level of a year earlier.
The index of export prices decreased by 0.6% in December 2020 compared with the corresponding month of the preceding year. In November and in October 2020 the annual rates of change were -0.6% and -1.0%, respectively. From November 2020 to December 2020 the index slightly rose by 0.1%.
On an annual average it decreased by 0.7% in 2020 compared with 2019.
Crisis Monitor allows comparison between corona crisis and and financial and economic crisis
The import prices are also part of the "Crisis monitor" (www.destatis.de/krisenmonitor), which is used by the Federal Statistical Office to compare the development of major short-term indicators between the corona crisis and the financial and economic crisis of 2008/2009. The "Crisis monitor" complements the "Corona statistics" webpage (www.destatis.de/corona), which has provided statistical information on the economic and social consequences of the corona pandemic.
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.
