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Destatis released its import prices data for Germany on Thursday. German import prices declined by 1.7% in July from last year, after a 1.4% fall in June.
Import prices decline since January 2013.
On a monthly base, import prices decreased 0.7% in July, after a 0.5% fall in June.
On a yearly base, import prices excluding crude oil and mineral oil products climbed by 2.5% in July.
Export prices climbed 1.2% year-on-year in July, after a 1.3% increase in June.
On a monthly base, export prices were up 0.1% in July, after a 0.1% decline in June.
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