The index of import prices in Germany increased by 1.6 percent year-on-year in December 2018, slowing from a 3.1 percent growth in the previous month and missing market consensus of 2.1 percent. Excluding crude oil and mineral oil products, the index rose 1.8 percent from a year earlier. On a monthly basis, import prices declined by 1.3 percent in December, after a 1 percent fall in November and compared to market expectations of a 0.8 percent drop. On an annual average in 2018 the index of import prices rose by 2.6 percent, slowing from a 3.5 percent advance in 2017. Import Prices in Germany averaged 79.36 Index Points from 1962 until 2018, reaching an all time high of 109.20 Index Points in March of 2012 and a record low of 40.80 Index Points in August of 1962.
Import Prices in Germany is expected to be 104.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Import Prices in Germany to stand at 107.00 in 12 months time. In the long-term, the Germany Import Prices is projected to trend around 111.00 Index Points in 2020, according to our econometric models.