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Germany’s import prices drop 13% YoY in October 2023
In October 2023, Germany’s import prices decreased by 13 per cent YoY, continuing the downward trend from previous months.
Energy imports cost 43.5 per cent less than in October 2022, led by a 65.3 per cent drop in natural gas prices.
Other energy sources also saw significant price reductions.
Excluding energy, import prices were down 3.3 per cent YoY.