German Import Prices Jump, Highest Since Late 2022

2026-06-30 06:13 By Judith Sib-at 1 min. read

Germany’s import prices rose 6.8% year-on-year in May 2026, accelerating from a 5.3% increase in April and matching forecasts.

This was the third month of price increases and the fastest pace since December 2022.

Energy prices remained the main driver of the overall rise, surging 37.2%, the sharpest increase since October 2022, following a 31.0% rise in April.

Notable price growth were recorded for crude oil (59.3%), mineral oil (57.3%), electricity (44.1%), hard coal (12.7%), and natural gas (10.4%).

Prices for intermediate goods also rose sharply (10.1% vs 7.8%), driven by higher prices for non-ferrous metals and non-ferrous semi-finished metal products (30.3%), especially precious metals (46.6%).

Capital goods also became more expensive (2.2% vs 1.5%).

Meanwhile, consumer goods prices continued to fall (-1.3% vs -1.4%), with prices for non-durable goods down 1.7%, while prices for durable goods were unchanged.

Monthly, import prices increased 0.7%, easing from a 1.2% rise in April.



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German Import Prices Jump, Highest Since Late 2022
Germany’s import prices rose 6.8% year-on-year in May 2026, accelerating from a 5.3% increase in April and matching forecasts. This was the third month of price increases and the fastest pace since December 2022. Energy prices remained the main driver of the overall rise, surging 37.2%, the sharpest increase since October 2022, following a 31.0% rise in April. Notable price growth were recorded for crude oil (59.3%), mineral oil (57.3%), electricity (44.1%), hard coal (12.7%), and natural gas (10.4%). Prices for intermediate goods also rose sharply (10.1% vs 7.8%), driven by higher prices for non-ferrous metals and non-ferrous semi-finished metal products (30.3%), especially precious metals (46.6%). Capital goods also became more expensive (2.2% vs 1.5%). Meanwhile, consumer goods prices continued to fall (-1.3% vs -1.4%), with prices for non-durable goods down 1.7%, while prices for durable goods were unchanged. Monthly, import prices increased 0.7%, easing from a 1.2% rise in April.
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