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German import prices up 0.6% y/y in November
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(Reuters) – German import prices grew by 0.6% year on year in November, the statistics office said on Monday.
(Reuters) – German import prices grew by 0.6% year on year in November, the statistics office said on Monday.
Analysts polled by Reuters had predicted a 0.3% increase.
The statistics office offers more detailed economic data on its website.
(Reporting by Bartosz Dabrowski, editing by Kirsti Knolle)
Import prices refer to the costs associated with goods purchased from foreign countries. These prices can fluctuate based on various factors, including currency exchange rates and global market conditions.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured annually and can impact economic stability.
Gross Domestic Product (GDP) is the total monetary value of all finished goods and services produced within a country's borders in a specific time period, serving as a broad measure of economic activity.
A year-on-year (y/y) comparison measures the change in a particular metric, such as prices or economic growth, by comparing it to the same period from the previous year.
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