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 July 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.

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Germany Import Prices



Calendar GMT Actual Previous Consensus TEForecast
2022-06-30 06:00 AM Import Prices MoM May 0.9% 1.8% 1.6% 1.4%
2022-06-30 06:00 AM Import Prices YoY May 30.6% 31.7% 31.5% 31.3%


Related Last Previous Unit Reference
Inflation Rate 7.60 7.90 percent Jun 2022
Inflation Rate Mom 0.10 0.90 percent Jun 2022
Consumer Price Index CPI 117.70 117.30 points Jun 2022
Harmonised Consumer Prices 118.00 118.20 points Jun 2022
Core Inflation Rate 3.78 3.80 percent May 2022
Core Consumer Prices 112.60 112.00 points May 2022
Producer Prices 147.50 145.10 points May 2022
Producer Prices Change 33.60 33.50 percent May 2022
Export Prices 122.40 121.70 points May 2022
Import Prices 139.50 138.30 points May 2022
Food Inflation 11.10 8.60 percent May 2022
Wholesale Prices 136.70 135.30 points May 2022
CPI Transportation 130.00 128.50 points May 2022
CPI Housing Utilities 117.40 116.40 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
139.50 138.30 139.50 40.80 1962 - 2022 points Monthly
NSA, 2015=100

News Stream
German Import Prices Stay Elevated
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.
2022-06-30
Germany Import Prices Surge by 31.7% in April
Import prices in Germany increased 31.7% year-on-year in April of 2022, the new highest since the first oil crisis in 1974 and compared with a 31.2% increase in March and forecasts of 32%. Energy imports were 157.4% more expensive than in April 2021, namely natural gas (+301.2%) and crude oil (+77.5%). Excluding crude oil and mineral oil products, import prices increased by 27.6% compared with a year earlier. Other price increases were also recorded for fertilizers and nitrogen (+185.6%); aluminum (+78.4%); iron, steel and ferroalloys (+58%); plastics (+27.7%); machines (+7.9%); motor vehicles and parts (+5.7%); food (+20.7%); pharmaceuticals (+9.5%); green coffee (+68.6%) and cereals (+55.8%). Compared to the previous month, import prices rose 1.8%, lower than 5.7% in March.
2022-05-30
German Import Prices Rise the Most Since 1974
Import prices in Germany surged by 31.2% year-on-year in March of 2022, accelerating from a 26.3% rise in February and surpassing market expectations of 28.6 percent. It was the largest annual increase in import prices since September 1974, beginning to reflect the impact of the war in Ukraine. Energy prices soared 160.5% in March, as natural gas prices leaped 304.3%, the most on record. Also, cost of mineral oil products jumped by 110.3% and crude oil by 81.3%. Imported electricity was 440.8% more expensive than in March 2021 and the prices for imported hard coal were 307% higher. In addition, the prices for intermediate goods rose 26.3%, especially fertilizers (182.9%), crude aluminum (76.7%), pig iron, steel and ferroalloys (60%) and plastics in primary forms (29.3%). Cost also rose for consumer goods (10.5%); durable goods (6.6%) and agricultural products (23.7%). On a monthly basis, import prices advanced 5.7%, also beating expectations of a 3.4% increase.
2022-04-29