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.