Import prices in Germany surged 21.7 percent year-on-year in October 2021, the largest annual increase since January 1980 and well above market consensus of a 19.6 percent rise. Energy cost jumped 141.0 percent, mainly due to higher prices for natural gas (193.9 percent) and crude oil (105.9 percent). Meanwhile, cost for imported intermediate goods rose 22.1 percent, boosted by fertilizers and nitrogen compounds (123.3 percent), pig iron, steel and ferro-alloys (60.8 percent), raw aluminum (59.6 percent), raw copper (47.1 percent) and plastics in primary forms (41.5 percent). Additional upward pressure came from consumer (4.0 percent) and capital goods (3.4 percent). On a monthly basis, import prices advanced 3.8 percent, also beating expectations of a 2.1 percent increase. source: Federal Statistical Office

Import Prices in Germany averaged 80.38 points from 1962 until 2021, reaching an all time high of 113.90 points in September of 2021 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 December of 2021.

Import Prices in Germany is expected to be 112.00 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 115.00 points in 2022 and 112.00 points in 2023, according to our econometric models.

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Germany Import Prices


Calendar GMT Actual Previous Consensus TEForecast
2021-11-26 07:00 AM Import Prices YoY Oct 21.7% 17.7% 19.6% 19.5%
2021-11-26 07:00 AM Import Prices MoM Oct 3.8% 1.3% 2.1% 1.9%


Related Last Previous Unit Reference
Inflation Rate 5.20 4.50 percent Nov/21
Inflation Rate Mom -0.20 0.50 percent Nov/21
Consumer Price Index CPI 110.50 110.70 points Nov/21
Harmonised Consumer Prices 111.00 110.70 points Nov/21
Core Inflation Rate 2.90 2.90 percent Oct/21
Core Consumer Prices 109.90 109.80 points Oct/21
Producer Prices 122.80 118.30 points Oct/21
Producer Prices Change 18.40 14.20 percent Oct/21
Export Prices 111.00 109.50 points Oct/21
Import Prices 118.20 113.90 points Oct/21
Food Inflation 4.40 4.80 percent Oct/21
Wholesale Prices 117.40 115.60 points Oct/21
CPI Transportation 117.10 114.80 points Oct/21
CPI Housing Utilities 109.20 108.30 points Oct/21

News Stream
German Import Prices Rise the Most Since 1980
Import prices in Germany surged 21.7 percent year-on-year in October 2021, the largest annual increase since January 1980 and well above market consensus of a 19.6 percent rise. Energy cost jumped 141.0 percent, mainly due to higher prices for natural gas (193.9 percent) and crude oil (105.9 percent). Meanwhile, cost for imported intermediate goods rose 22.1 percent, boosted by fertilizers and nitrogen compounds (123.3 percent), pig iron, steel and ferro-alloys (60.8 percent), raw aluminum (59.6 percent), raw copper (47.1 percent) and plastics in primary forms (41.5 percent). Additional upward pressure came from consumer (4.0 percent) and capital goods (3.4 percent). On a monthly basis, import prices advanced 3.8 percent, also beating expectations of a 2.1 percent increase.
2021-11-26
German Import Price Inflation Climbs to Over 40-Year High
Import prices in Germany hiked 17.7% year-on-year in September of 2021, the steepest price increase since August of 1981 but missed market consensus of an 18% jump. Energy goods, in particular, made up a large part of the year-on-year change, as well as intermediate goods. Energy prices soared 107.1%, amid a coal and natural gas shortage, tight supplies of crude oil, and a low base effect from last year. Intermediate goods jumped 20.7% from last year, with main upward pressure coming from sawn and planed wood (64.6%); basic iron, steel and ferro-alloys (60.9%); iron ores (53.9%); and raw aluminum (50.7%). On a monthly basis, import prices advanced 1.3%.
2021-10-27
German Import Prices Rise the Most in 40 Years
Import prices in Germany increased 16.5% year-on-year in August of 2021, a new high since September of 1981, and above market consensus of a 16.1% rise as the energy prices surged and raw materials supply remained limited. Energy prices jumped 93.6%, mainly due to natural gas and crude oil and amid a low base effect from last year. Increases were also recorded for iron ores (96.8%), chemicals (24.4%), paper, sawn and planed wood (61.6%), basic iron, steel and ferro-alloys (57.7%). On a monthly basis, imports prices were up 1.4%.
2021-09-29

Germany Import Prices
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.