24 October 2003, 10:13  German import prices down 0.2% m/m in Sept

BERLIN, Oct 24 - Cheaper oil and cocoa led to a reduction in import prices of 0.2 percent in September from August, the Federal Statistics Office said on Friday. Compared with September 2002, import prices were down 2.6 percent, underlining that price pressures in Europe's largest economy remain weak. Excluding mineral oils, import prices rose 0.4 percent month-on-month, but were down 1.5 percent year-on-year. The price of crude oil fell 6.7 percent from August, and was 13.3 percent cheaper than in September 2002, the statistics office said. The price of cocoa was down 6.1 percent month-on-month and 35 percent year-on-year. Conversely, the price of apples rose by 14.7 percent and bananas by 12.7 percent over the month, although bananas were 12.7 percent cheaper than a year earlier. Analysts polled by had forecast import prices rising 0.1 percent month on month and declining 2.4 percent year-on-year. In August, import prices rose 0.8 percent month on month and fell 1.7 percent year-on-year.//www.s.com

© 1999-2024 Forex EuroClub
All rights reserved