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.