Import prices in Germany increased by 28.9% year-on-year in July of 2022, slowing slightly for the fourth month and compared with market forecasts of 29.1%. Cost of imported energy surged by 131.7%, mainly coal (260.8%), natural gas (223.6%), and crude oil (83.2%). Excluding energy, prices of imports increased by 14.0%, namely fertilizers and nitrogen (142.1%), aluminum (57.6%), and paper and cardboard (40.6%). Prices of imported consumer goods increased 13.1%, mainly due to food (23.8%) and capital imported goods were 7.9% more expensive than a year earlier, largely machines (8.6%) and motor vehicles (6.9%). Compared to the previous month, import prices rose 1.4%, above 1.0% in June. source: Federal Statistical Office
Import Prices in Germany averaged 81.08 points from 1962 until 2022, reaching an all time high of 142.90 points in July 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 October of 2022.
Import Prices in Germany is expected to be 125.90 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.