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.

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Germany Import Prices

Actual Previous Highest Lowest Dates Unit Frequency
103.60 101.80 109.20 40.80 1962 - 2021 points Monthly
NSA, 2015=100


Calendar GMT Actual Previous Consensus TEForecast
2021-03-30 06:00 AM Import Prices MoM Feb 1.7% 1.7% 1.3% 1.2%
2021-03-30 06:00 AM Import Prices YoY Feb 1.4% -1.2% 1.1% 0.9%
2021-04-29 06:00 AM Import Prices YoY Mar 6.9% 1.4% 6% 5.7%
2021-04-29 06:00 AM Import Prices MoM Mar 1.8% 1.7% 1% 0.6%


News Stream
Germany Import Prices Rise the Most Since 2011
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.
2021-04-29
Germany Import Prices Rise the Most in Nearly 2 Years
Import prices in Germany increased 1.4 percent year-on-year in February of 2021, rebounding from a 1.2´percent fall in January and beating market forecasts of a 1.1 percent rise. It is the biggest increase since April of 2019, boosted by a 4 percent surge in cost of intermediate goods, namely iron ores (39.7 percent), non-ferrous metal ores (19.2 percent) and pig iron, steel and ferro-alloys (13.8 percent). Also, energy imports were 5.2 percent more expensive on the year. Natural gas had the greatest influence (24.2 percent), followed by electricity (128.1 percent), explained by very low prices in February 2020, due to a Europe-wide decline in demand amid strong supply overhang, especially from renewable energies. On a monthly basis, import prices jumped 1.7 percent.
2021-03-30
Germany Import Prices Fall Less in January
Import prices in Germany fell 1.2 percent year-on-year in January of 2021, following a 3.4 percent drop in December and compared to forecasts of a 2.1 percent decline. Energy cost sank 13.1 percent and made the largest downward contribution, namely oil (-20.4 percent). Excluding crude oil and mineral oil products, imports prices increased 0.5 percent. High upward pressure came from cost of electricity (50.4 percent), iron ores (36.2 percent) and natural gas (7.7 percent). On a monthly basis, import prices jumped 1.9 percent month-over-month, higher than 0.6 percent in December and market forecasts of 0.9 percent.
2021-02-26
Germany Import Deflation Slows
Import prices in Germany fell 3.4 percent year-on-year in December of 2020, following a 3.8 percent drop in November and compared to forecasts of a 3.1 percent decline. Excluding crude oil and mineral oil products, imports prices decreased at a much slower 1 percent. On a monthly basis, import prices went up 0.6 percent month-over-month, higher than 0.5 percent in November. Prices rose 4.3% on average in 2020.
2021-01-29

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.