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Destatis released its import prices data for Germany on Tuesday. German import prices declined by 3.1% in August from last year, after a 1.7% fall in July.
The decline was driven by a drop in energy prices, which plunged 29.8%.
Import prices decline since January 2013.
On a monthly base, import prices decreased 1.5% in August, after a 0.7% fall in July.
On a yearly base, import prices excluding crude oil and mineral oil products climbed by 1.6% in August.
Export prices decreased 0.8% year-on-year in August, after a 1.2% increase in July.
On a monthly base, export prices were down 0.5% in August, after a 0.1% rise in July.
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