Import prices in Germany advanced by 12.9 percent year-on-year in June of 2021, accelerating from a 11.8 percent increase in the previous month and beating market forecasts of a 12.6 percent gain. This was the biggest annual increase in import prices since October 1981, as energy cost jumped 88.5 percent, mainly due to natural gas (150 percent) and crude oil (81.8 percent). In addition, the prices for imported intermediate goods rose by 17.1 percent, boosted by iron ore (97.4 percent), copper (49.9 percent), plastics in primary forms (44 percent), sawn and planed wood (43.9 percent), veneer, plywood, wood fiber and chipboard (41.8 percent). The prices for agricultural goods were 7.6 percent higher than in June of 2020, led by rises in natural rubber (49.1 percent), green coffee (30.1 percent) and grain (19.6 percent). On a monthly basis, import prices rose 1.6 percent, after a 1.7 percent increase in May, also beating expectations of 1.5 percent. source: Federal Statistical Office
Import Prices in Germany averaged 80.24 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 July of 2021.
Import Prices in Germany is expected to be 105.00 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 109.00 points in 2022 and 111.00 points in 2023, according to our econometric models.