Import prices in Germany were up 6.6% year-on-year in January of 2023, the smallest increase since February of 2021, following a 12.6% rise in December. Cost of consumer goods continue to rise the most (+8.8%), especially non-durable consumer goods (+9.2%), and intermediate goods (+4.7%). Also, energy prices were up 8.1%, still mainly due to natural gas (+8.6%). Especially high were the price increases for imported hard coal (+19.6%) and for mineral oil products (+18.2%). In contrast, electricity prices decreased by 30.8% compared with January 2022. Compared to December, import prices declined 1.2% in January of 2023, a fifth decrease in a row, and compared to market forecasts of a 1.5% decrease. Energy’s import prices decreased significantly by 8.9%. source: Federal Statistical Office

Import Prices YoY in Germany averaged 2.32 percent from 1963 until 2023, reaching an all time high of 35.00 percent in March of 1974 and a record low of -18.20 percent in July of 1986. This page includes a chart with historical data for Germany Import Prices YoY. Germany Import Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Import Prices YoY in Germany is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Import Prices YoY is projected to trend around 2.20 percent in 2024 and 1.90 percent in 2025, according to our econometric models.

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Germany Import Prices YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 07:00 AM Dec 12.6% 14.5% 12% 11.9%
2023-02-28 07:00 AM Jan 6.6% 12.6% 7.2%
2023-03-31 06:00 AM Feb 6.6% 6.9%

Germany Import Prices YoY
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.
Actual Previous Highest Lowest Dates Unit Frequency
6.60 12.60 35.00 -18.20 1963 - 2023 percent Monthly
NSA

News Stream
Germany Import Prices Continue to Slow
Import prices in Germany were up 6.6% year-on-year in January of 2023, the smallest increase since February of 2021, following a 12.6% rise in December. Cost of consumer goods continue to rise the most (+8.8%), especially non-durable consumer goods (+9.2%), and intermediate goods (+4.7%). Also, energy prices were up 8.1%, still mainly due to natural gas (+8.6%). Especially high were the price increases for imported hard coal (+19.6%) and for mineral oil products (+18.2%). In contrast, electricity prices decreased by 30.8% compared with January 2022. Compared to December, import prices declined 1.2% in January of 2023, a fifth decrease in a row, and compared to market forecasts of a 1.5% decrease. Energy’s import prices decreased significantly by 8.9%.
2023-02-28
Germany Import Prices Rise the Least in 19 Months
Import prices in Germany rose by 12.6% year-on-year in December of 2022, easing from 14.5% in the prior month and compared with market consensus of 12%. It was the lowest price increase since May 2021, with cost of imported energy surging by 34.1%, mainly natural gas (45.5%), coal (46.0%), mineral oil products (28.4), and electricity (11.6%). Excluding energy prices, prices of imports rose by 8.2%, namely paper & cardboard (35.0%), wood & pulp (25.9%), and aluminum & semi-finished products (14.7%). Meanwhile, prices of imported consumer goods increased 11.0%, mainly due to food (21.7%) and capital imported goods were 6.5% more expensive than a year earlier, largely machines (7.6%) and motor vehicles (7.1%). On a monthly basis, import prices sharply fell 1.6% in December, the fourth straight monthly decline, compared with forecasts of a 2.6% drop. Considering full 2022, German import prices rose by 26.3%, the strongest year-on-year spike since 1974.
2023-01-31
German Import Prices Rise the Least Since June 2021
Import prices in Germany rose by 14.5% year-on-year in November of 2022, easing from 23.5% in October and below market consensus of 18%. It was the lowest price increase since June 2021. Cost of imported energy surged by 37.9%, mainly natural gas (42.7%), coal (51.8%), petroleum (28.8%) and petroleum products (41%), while electricity declined (-2.8%). Excluding energy prices, prices of imports rose by 9.7% and excluding only petroleum & petroleum products, the import price went up by 13.1%, namely fertilizers & nitrogen (41.8%), paper & cardboard (38.5%), wood & pulp (31.0%) and aluminum & semi-finished products (17.3%). Meanwhile, prices of imported consumer goods increased 12.2%, mainly due to food (22.7%) and capital imported goods were 7.3% more expensive than a year earlier, largely machines (8.1%) and motor vehicles (7.4%). On a monthly basis, import prices sharply fell 4.5% in November, compared with market forecasts of a 1.6% decline.
2023-01-04