BERLIN, Sept 29 Reuters German import prices recorded in August the largest yearonyear decline since November 1986, the statistics office said on Friday.

Import prices decreased by 16.4 year on year in August, in line with analysts39; expectations in a Reuters poll.

The large decline is primarily due to a base effect originating from the large price increases in 2022 as a result of the war in Ukraine, the statistics office said.

Since the German economy sources many intermediate products and raw materials from abroad, falling import prices have a delayed impact on general inflation.

Reporting by Maria Martinez and Amir Orusov, Editing by Rachel More and Miranda Murr

Source Reuters