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by ForexNewsNow Team on November 26th, 2010

German import prices drop unexpectedly in October

Germany mapNEW YORK (Forex News Now) – German import prices dropped unexpectedly in October, data released on Friday showed in a major realtime forex news event.

In a report that generally impacts inflation, Germany’s federal statistical office Destatis said that import prices fell by 0.2%, down from the rise of 0.3% recorded the previous month.

Analysts had expected October’s figure to come in at +0.2%, major online FX trading news outlets reported.

The drop in import prices could be largely attributed to the cheaper costs of iron ore, raw iron and steel, analysts said.

By ForexNewsNow Team

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