FXstreet.com (Barcelona) - Prices of imported products have declined in December in Germany for second consecutive month, on sharp drops oil products, according to data released by Destatis.

Import Prices Index has declined 4.0% from November to December, following a 3.4% decrease in November, while year on year, prices fell 5.1%, the sharpest fall since the 5.2% in November 2001.

Oil products have been some of the largest contributors of December's decline, excluding crude oil and mineral oil products, prices of all other products were 2.6% up year on year.