Germany’s import prices fell by 2.3% year-on-year in January 2026, unchanged from December. It remained the steepest drop since March 2024, weighed down by a decline in energy costs (-21.1%) amid lower prices for crude oil (-24.5%), natural gas (-23.1%), and petroleum products (-16.8%). Excluding energy prices, import prices still fell by 0.1% in January. Moreover, prices for agricultural goods declined by 6.5%, dragged down by reduced prices for raw cocoa (-46.4%), live pigs (-26.5%), and grains (-8.2%). Consumer goods prices dropped 2.7%, with durable goods falling 2.5% and non-durable goods declining 2.7%. In contrast, intermediate goods prices rose 2.8%, primarily due to higher costs for precious metals and their semi-finished products (65.2%), as well as non-ferrous metals and their semi-finished products (25.9%). On a monthly basis, import prices increased by 1.1% in January, exceeding market expectations of a 0.6% gain and rebounding from a 0.1% decline in December. source: Federal Statistical Office

Import Prices YoY in Germany remained unchanged at -2.30 percent in January. Import Prices YoY in Germany averaged 2.00 percent from 1963 until 2026, 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 2026.

Import Prices YoY in Germany remained unchanged at -2.30 percent in January. Import Prices YoY in Germany is expected to be -1.90 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 2.00 percent in 2027 and 1.90 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-30 07:00 AM
Import Prices YoY
Dec -2.3% -1.9% -2.6% -2.4%
2026-02-27 07:00 AM
Import Prices YoY
Jan -2.3% -2.3% -2.8%
2026-03-31 06:00 AM
Import Prices YoY
Feb -2.3%


Related Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 1.80 2.10 percent Feb 2026
Bavaria CPI MoM 1.90 2.10 percent Feb 2026
Brandenburg CPI YoY 2.00 2.20 percent Feb 2026
CPI 122.80 122.70 points Jan 2026
Core Consumer Prices 119.10 117.90 points Jan 2026
Core Inflation Rate 2.50 2.50 percent Feb 2026
CPI Housing Utilities 118.10 118.20 points Jan 2026
CPI Transportation 129.00 128.50 points Jan 2026
Energy Inflation -1.90 -1.70 percent Feb 2026
Export Prices 116.50 115.50 points Jan 2026
Food Inflation 2.60 1.40 percent Jan 2026
Harmonised Consumer Prices 100.94 100.56 points Feb 2026
Harmonised Inflation Rate MoM 0.40 -0.10 percent Feb 2026
Harmonised Inflation Rate YoY 2.00 2.10 percent Feb 2026
Hesse CPI YoY 2.20 2.10 percent Feb 2026
Import Prices 112.50 111.30 points Jan 2026
Import Prices MoM 1.10 -0.10 percent Jan 2026
Import Prices YoY -2.30 -2.30 percent Jan 2026
Inflation Rate YoY 1.90 2.10 percent Feb 2026
Inflation Rate MoM 0.20 0.10 percent Feb 2026
North Rhine Westphalia CPI YoY 1.80 2.00 percent Feb 2026
PPI MoM -0.60 -0.20 percent Jan 2026
Producer Prices 124.40 125.10 points Jan 2026
PPI YoY -3.00 -2.50 percent Jan 2026
Rent Inflation 2.20 2.20 percent Jan 2026
Saxony CPI YoY 2.30 2.30 percent Feb 2026
Services Inflation 3.20 3.20 percent Feb 2026
Wholesale Prices 118.80 117.70 points Jan 2026
Wholesale Prices MoM 0.90 -0.20 percent Jan 2026
Wholesale Prices YoY 1.20 1.20 percent Jan 2026


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
-2.30 -2.30 35.00 -18.20 1963 - 2026 percent Monthly
NSA, 2021=100

News Stream
German Import Prices Fall the Most Since 2024
Germany’s import prices fell by 2.3% year-on-year in January 2026, unchanged from December. It remained the steepest drop since March 2024, weighed down by a decline in energy costs (-21.1%) amid lower prices for crude oil (-24.5%), natural gas (-23.1%), and petroleum products (-16.8%). Excluding energy prices, import prices still fell by 0.1% in January. Moreover, prices for agricultural goods declined by 6.5%, dragged down by reduced prices for raw cocoa (-46.4%), live pigs (-26.5%), and grains (-8.2%). Consumer goods prices dropped 2.7%, with durable goods falling 2.5% and non-durable goods declining 2.7%. In contrast, intermediate goods prices rose 2.8%, primarily due to higher costs for precious metals and their semi-finished products (65.2%), as well as non-ferrous metals and their semi-finished products (25.9%). On a monthly basis, import prices increased by 1.1% in January, exceeding market expectations of a 0.6% gain and rebounding from a 0.1% decline in December.
2026-02-27
German Import Prices Fall the Most in 21 Months
Germany’s import prices dropped 2.3% yoy in December 2025, following a 1.9% decline in November and compared with expectations of a 2.6% fall. This marked the ninth consecutive month of declining import prices and the steepest drop since March 2024, driven largely by a sharp fall in energy costs (-20.6%), particularly natural gas (-23.4%), crude oil (-23.2%), hard coal (-20.9%), electricity (-14.0%), and mineral oil products (-13.1%). Excluding energy, import prices were down 0.3%. Prices for capital goods also decreased by 0.5%, while agricultural imports shrank 2.8%, largely weighed down by a 35.4% plunge in raw cocoa. Consumer goods dropped 1.4%, with durable and non- durable goods prices declining 2.5% and 1.1%, respectively. By contrast, intermediate goods rose by 1.2%. On a monthly basis, import prices edged down 0.1% in December, softer than expectations of a 0.4% decline, reversing a 0.5% increase in November. For the full year 2025, import prices averaged fell by 0.3%.
2026-01-30
German Import Prices Drop the Most in 20 Months
Germany’s import prices fell 1.9% year on year in November 2025, following a 1.4% decline in the previous month. This marked the eighth consecutive month of falling import prices and the steepest drop since March 2024, driven largely by a sharp decline in energy costs (-15.7%), particularly crude oil (-21.7%), hard coal (-20.9%), electricity (-10.6%), and mineral oil products (-7.2%). Excluding energy, import prices were down 0.3%. Prices also decreased for capital goods (-0.5%), while agricultural imports fell 3.2%, largely weighed down by a 28.0% slump in raw cocoa. Consumer goods declined 0.3%, with non-durable and durable goods prices falling 0.1% and 1.5%, respectively, driven mainly by a 22.2% drop in olive oil prices. Conversely, intermediate goods prices edged up slightly (0.3%). On a monthly basis, import prices climbed 0.5% in November, beating market expectations of a 0.1% rise, after a 0.2% increase in October and marking the fastest monthly gain in 10 months.
2025-12-23