German import prices jump in September

The cost of goods purchased overseas by Germans jumped last month.

Import prices increased at a 3.0% clip year-on-year versus a rate of gain of 2.1% in the month before, according to the Federal Office of Statistics.

Excluding crude oil and mineral oil products prices advanced at a pace of 2.1% versus a year ago.

Meanwhile, exports prices rose by 1.7% on the year, up from 1.5% in August.