Import prices in Germany surged by 31.2% year-on-year in March of 2022, accelerating from a 26.3% rise in February and surpassing market expectations of 28.6 percent. It was the largest annual increase in import prices since September 1974, beginning to reflect the impact of the war in Ukraine. Energy prices soared 160.5% in March, as natural gas prices leaped 304.3%, the most on record. Also, cost of mineral oil products jumped by 110.3% and crude oil by 81.3%. Imported electricity was 440.8% more expensive than in March 2021 and the prices for imported hard coal were 307% higher. In addition, the prices for intermediate goods rose 26.3%, especially fertilizers (182.9%), crude aluminum (76.7%), pig iron, steel and ferroalloys (60%) and plastics in primary forms (29.3%). Cost also rose for consumer goods (10.5%); durable goods (6.6%) and agricultural products (23.7%). On a monthly basis, import prices advanced 5.7%, also beating expectations of a 3.4% increase. source: Federal Statistical Office

Import Prices in Germany averaged 80.75 points from 1962 until 2022, reaching an all time high of 135.90 points in March of 2022 and a record low of 40.80 points in August of 1962. This page provides the latest reported value for - Germany Import Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Import Prices - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Import Prices in Germany is expected to be 126.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Import Prices is projected to trend around 119.00 points in 2023 and 124.50 points in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Germany Import Prices



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 06:00 AM Import Prices YoY Mar 31.2% 26.3% 28.6% 28.5%
2022-04-29 06:00 AM Import Prices MoM Mar 5.7% 1.3% 3.4% 3.5%


Related Last Previous Unit Reference
Inflation Rate 7.40 7.30 percent Apr 2022
Inflation Rate Mom 0.80 2.50 percent Apr 2022
Consumer Price Index CPI 116.20 115.30 points Apr 2022
Harmonised Consumer Prices 116.90 116.10 points Apr 2022
Core Inflation Rate 3.80 3.40 percent Apr 2022
Core Consumer Prices 112.00 110.80 points Apr 2022
Producer Prices 141.20 134.60 points Mar 2022
Producer Prices Change 30.90 25.90 percent Mar 2022
Export Prices 120.70 116.10 points Mar 2022
Import Prices 135.90 128.60 points Mar 2022
Food Inflation 8.60 6.20 percent Apr 2022
Wholesale Prices 135.30 132.50 points Apr 2022
CPI Transportation 128.50 127.80 points Apr 2022
CPI Housing Utilities 116.40 116.30 points Apr 2022

Germany Import Prices
In Germany, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.
Actual Previous Highest Lowest Dates Unit Frequency
135.90 128.60 135.90 40.80 1962 - 2022 points Monthly
NSA, 2015=100

News Stream
German Import Prices Rise the Most Since 1974
Import prices in Germany surged by 31.2% year-on-year in March of 2022, accelerating from a 26.3% rise in February and surpassing market expectations of 28.6 percent. It was the largest annual increase in import prices since September 1974, beginning to reflect the impact of the war in Ukraine. Energy prices soared 160.5% in March, as natural gas prices leaped 304.3%, the most on record. Also, cost of mineral oil products jumped by 110.3% and crude oil by 81.3%. Imported electricity was 440.8% more expensive than in March 2021 and the prices for imported hard coal were 307% higher. In addition, the prices for intermediate goods rose 26.3%, especially fertilizers (182.9%), crude aluminum (76.7%), pig iron, steel and ferroalloys (60%) and plastics in primary forms (29.3%). Cost also rose for consumer goods (10.5%); durable goods (6.6%) and agricultural products (23.7%). On a monthly basis, import prices advanced 5.7%, also beating expectations of a 3.4% increase.
2022-04-29
Germany Import Price Inflation Slows Slightly
Import prices in Germany climbed by 26.3% year-on-year in February of 2022, easing slightly from a 26.9% rise in January which was the largest annual increase in import prices since October 1974. Figures compare with market expectations of a 26.9% surge but recent price developments due to the Russian attack on Ukraine did not have a marked impact on the February result, as results do not relate to a reference date but the entire month. Energy prices continue to push import prices up (129.5%), namely natural gas (256.5%) and crude oil (70.3%).
2022-03-29
German Import Prices Rise the Most Since 1974
Import prices in Germany climbed by 26.9% year-on-year in January of 2022, accelerating from a 24% rise in December and above market expectations of a 23.7% surge. It was the largest annual increase in import prices since October 1974 as part of the first oil price crisis. The strong price increase was primarily due to the development of energy prices (144.4%), namely natural gas (302.7%), crude oil (66.8%) and coal (161.1%). In addition, the prices for imported intermediate goods rose by 24.5%, mostly due to fertilizers and nitrogen (175.5%), crude aluminum (63.8%), pig iron, steel and ferroalloys (55.6%), sawn and planed wood (42.4%) and plastics in primary forms (40.8%). Prices for imported agricultural goods were 21.0% higher than in January 2021, of which green coffee (+68.2%) and grains (+29.8%). Those of consumer goods (8.6%) and capital goods (5.9%) were also more expensive. On a monthly basis, import prices advanced 4.3%, also beating expectations of a 1.6% increase.
2022-02-25