Import prices in Germany surged 6.9 percent year-on-year in March of 2021, accelerating from a 1.4 percent rise in February and beating market forecasts of a 6 percent rise. It is the biggest increase since April 2011, mainly boosted by a 56.7 percent jump in cost of energy, explained by very low prices in March 2020, due to a decline in demand amid strong surplus of supply throughout Europe. Crude oil had the largest influence (100.5 percent), followed by natural gas (35.8 percent), and mineral oil products (36.6 percent). In addition, the price of electricity increased significantly by 113.6 percent. Also, intermediate goods and non-durable goods prices rose 8 percent and 0.1 percent, respectively. On a monthly basis, import prices were up 1.8 percent. source: Federal Statistical Office
Import Prices in Germany averaged 80.10 points from 1962 until 2021, reaching an all time high of 109.20 points in March of 2012 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 2021.
Import Prices in Germany is expected to be 102.30 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 105.00 in 12 months time. In the long-term, the Germany Import Prices is projected to trend around 109.00 points in 2022 and 111.00 points in 2023, according to our econometric models.