German Import Prices Rise the Most in Over 3 Years

2026-05-29 06:09 By Chusnul Chotimah 1 min. read

Germany’s import prices increased 5.3% year-on-year in April 2026, accelerating sharply from a 2.3% rise in the previous month and in line with market forecasts.

This marked the fastest pace since January 2023, driven largely by a 31.0% rise in energy costs, the biggest increase since October 2022, as prices increased for mineral oil products (58.1%), crude oil (47.5%), hard coal (8.1%), and natural gas (6.9%).

Intermediate goods prices also climbed 7.8%, driven by increases in non-ferrous metals and semi-finished non-ferrous metal products (27.6%) and precious metals (49.9%).

Meanwhile, capital goods prices also rose 1.5%.

By contrast, consumer goods prices dropped 1.4%, with both durable (-0.2%) and non-durable goods (-1.7%) declining.

Meanwhile, agricultural product costs fell 4.7%, led by sharp declines in raw cocoa (-51.1%) and live pigs (-17.1%).

On a monthly basis, import prices rose 1.2%, easing from March’s 3.6% increase but remaining above market expectations of 1.1%.



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German Import Prices Rise the Most in Over 3 Years
Germany’s import prices increased 5.3% year-on-year in April 2026, accelerating sharply from a 2.3% rise in the previous month and in line with market forecasts. This marked the fastest pace since January 2023, driven largely by a 31.0% rise in energy costs, the biggest increase since October 2022, as prices increased for mineral oil products (58.1%), crude oil (47.5%), hard coal (8.1%), and natural gas (6.9%). Intermediate goods prices also climbed 7.8%, driven by increases in non-ferrous metals and semi-finished non-ferrous metal products (27.6%) and precious metals (49.9%). Meanwhile, capital goods prices also rose 1.5%. By contrast, consumer goods prices dropped 1.4%, with both durable (-0.2%) and non-durable goods (-1.7%) declining. Meanwhile, agricultural product costs fell 4.7%, led by sharp declines in raw cocoa (-51.1%) and live pigs (-17.1%). On a monthly basis, import prices rose 1.2%, easing from March’s 3.6% increase but remaining above market expectations of 1.1%.
2026-05-29
German Import Prices Rise More than Expected
Germany’s import prices climbed 2.3% yoy in March 2026, rebounding from a 2.3% decline in each of the previous three months and above the forecast of 1.6%. This marked the first increase in import prices since March 2025 and the fastest pace since February 2025, driven largely by a 13.2% rise in energy costs, as prices increased for mineral oil products (41.6%), crude oil (24.6%), and electricity (4.4%). Intermediate goods prices also rose 4.1%, driven by increases in non-ferrous metals and semi-finished non-ferrous metal products (25.8%) and precious metals (58.4%). Capital goods prices also rose 0.6%, while consumer goods prices fell 1.9%, with both durable (-1.1%) and non-durable goods (-2.1%) declining. Meanwhile, agricultural product cost fell 6.2%, led by sharp declines in raw cocoa (-57.8%) and green coffee (-14.4%). Monthly, import prices rose 3.6%, accelerating sharply from February’s 0.3% and above market expectations of 3%, marking the fastest pace since March 2022.
2026-04-30
German Import Prices Fall for 11th Straight Month
Germany’s import prices fell 2.3% year-on-year in February 2026, unchanged from the previous two months. This marked the eleventh consecutive month of declining import prices and the steepest drop since March 2024, driven largely by a 20.9% slump in energy costs, as prices fell for natural gas (-27.9%), electricity (-25.6%), crude oil (-19.1%), hard coal (-14.2%), and petroleum products (-11.4%). Agricultural import prices also declined to 5.7%, led by sharp drops in raw cocoa (-47.4%), live pigs (-21%), and raw coffee (-9.1%). In addition, consumer goods prices fell 3.2%, with both durable (-2.8%) and non-durable goods (-3.3%) decreasing. In contrast, prices for intermediate goods rose 2.5%, driven by increases in precious metals and semi-finished products (60.3%) and non-ferrous metals (24.8%). On a monthly basis, import prices rose 0.3%, slowing from January’s 1.1% but slightly above market expectations of 0.2%.
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