Import prices in Germany increased 30.6% year-on-year in May of 2022, compared with market forecasts of a 31.5% growth and after a record pace of 31.7% gain in the prior month. Energy imports were 143.8% more expensive than in May 2021, namely natural gas (235.6%) and crude oil (80.2%). Excluding crude oil and mineral oil products, import prices increased by 26.2% compared with a year earlier. Other price increases were also recorded for fertilizers and nitrogen (172.6%); aluminum (70.9%); iron, steel and ferro-alloys (54.8%); plastics (24.4%); machines (8.7%); motor vehicles and parts (6.5%); food (22.%); pharmaceuticals (10.1%); green coffee (63.2%) and cereals (53.1%). Compared to the previous month, import prices rose 0.9%, missing forecasts of 1.6% and slowing from a 1.8% growth in April. source: Federal Statistical Office
Import Prices in Germany averaged 80.91 points from 1962 until 2022, reaching an all time high of 139.50 points in May of 2022 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 June of 2022.
Import Prices in Germany is expected to be 126.00 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 119.00 points in 2023 and 124.50 points in 2024, according to our econometric models.