German Aug import prices up sharply due steel, oil

Newswire

BERLIN, Sept 24 (Reuters) - German import prices rose 0.9 percent month-on-month in August, led by dearer steel and fuel, Germany's Federal Statistics Office said on Friday. Compared with August 2003, import prices were up 2.5 percent, equalling a 2.5 percent rise in May, which was the fastest increase since June 2001, Bundesbank data showed. Scrap iron and steel was 23.6 percent more expensive on the month, and 73.4 percent dearer than in August 2003, the Statistics Office said. Diesel ...

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