The German import price index dropped by 7.4pc annually in April and by 1.8pc annually in March, according to reports by Germany’s Federal Statistical Office Destatis.
The country’s export price index also declined by 1.1pc this past April from the same month a year earlier, while it dropped by 0.4pc in March.
Iron ore imports into Germany in April decreased by 2.8pc from March, while non-ferrous metal ores (excluding uranium and thorium ores) decreased slightly by 0.6pc in during the same period.
The export price index for iron ore and non-ferrous metal ores has yet to be released.