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. 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 April 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.