German import prices decreased by 13.2% year-on-year in July 2023, marking the sharpest drop since January 1987 and compared to market expectations of a 12.9% reduction, primarily attributed to a base effect resulting from price increases in the previous year following the war in Ukraine. Costs for energy tumbled by 47.4%, driven by plummeting prices for natural gas (-58.7%), electric power (-75.4%), hard coal (-63.7%), crude oil (-33.0%), and mineral oil products (-31.4%). Excluding energy prices, import prices were 3.1% lower than those recorded in July 2022. Furthermore, the prices of imported intermediate goods experienced a 9.5% decrease, while prices for consumer and capital goods saw an increase of 1.2% and 2.9%, respectively. On a monthly basis, import costs fell by 0.6%, which differed from market estimates of zero growth and the 1.6% drop observed in June. source: Federal Statistical Office

Import Prices YoY in Germany averaged 2.24 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 August of 2023.

Import Prices YoY in Germany is expected to be -16.30 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 Reference Actual Previous Consensus TEForecast
2023-07-31 06:00 AM Jun -11.4% -9.1% -10.7% -10.7%
2023-08-30 06:00 AM Jul -13.2% -11.4% -12.9% -12.7%
2023-10-06 06:00 AM Aug -13.2%

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
-13.20 -11.40 35.00 -18.20 1963 - 2023 percent Monthly
NSA

News Stream
German Import Prices Fall the Most Since 1987
German import prices decreased by 13.2% year-on-year in July 2023, marking the sharpest drop since January 1987 and compared to market expectations of a 12.9% reduction, primarily attributed to a base effect resulting from price increases in the previous year following the war in Ukraine. Costs for energy tumbled by 47.4%, driven by plummeting prices for natural gas (-58.7%), electric power (-75.4%), hard coal (-63.7%), crude oil (-33.0%), and mineral oil products (-31.4%). Excluding energy prices, import prices were 3.1% lower than those recorded in July 2022. Furthermore, the prices of imported intermediate goods experienced a 9.5% decrease, while prices for consumer and capital goods saw an increase of 1.2% and 2.9%, respectively. On a monthly basis, import costs fell by 0.6%, which differed from market estimates of zero growth and the 1.6% drop observed in June.
2023-08-30
German Import Prices Fall to Over 13-Year Low
Import prices in Germany contracted 11.4% year-on-year in June 2023, coming more than market expectations of a 10.7% decline and a 9.1% drop in the previous month. It was the sharpest fall since September 2009, as prices continued to decline for energy (-44.9%), namely natural gas (-50.6%), electric power (-57.6%), hard coal (-53.6%), mineral oil products (-40.2%) and crude oil (-38.8%). Excluding petroleum & petroleum products, import prices decreased 7.9%. Costs of intermediate goods went down 8.8%, while prices of consumer and capital goods increased 2.7% and 4%, respectively. On a monthly basis, import costs shrank 1.6%, exceeding market estimates of a 0.7% fall and a 1.4% drop in May.
2023-07-31
German Import Prices Drop the Most in Over 13 Years
Import prices in Germany shrank 9.1% year-on-year in May 2023, slipping further from a 7% drop in the previous month and in line with market expectations. It marked the biggest decline since September 2009, as prices decreased sharply for energy (-37.6%), namely natural gas (-39.7%), coal (-53.2%), electric power (-53.9%), mineral oil products (-35.9%) and crude oil (-31.4%). Excluding petroleum & petroleum products, import prices went down 6.3%. Cost of intermediate goods declined 8.2% while prices for consumer and capital goods rose 3.5% and 4.1%, respectively. On a monthly basis, import costs fell 1.4%, slightly easing from a 1.7% decrease in April.
2023-06-30