German import prices increased by 0.6% year-on-year in November 2024, shifting from a 0.8% drop in the previous month and marking the first rise since August. Energy prices declined much softer (-8.2% vs -14.1% in October), with notable decreases in crude oil (-11.6%), mineral oil products (-10.9%), diesel fuels and heating oil (-17.4%), petrol (-14.6%), and natural gas (-5.1%). On the other hand, prices rose for consumer goods (3.4% vs 2.1%), intermediate goods (1.1% vs 0.2%), and capital goods (0.1% vs flat reading). Excluding energy, import costs were 1.7% higher compared to November 2023. Monthly, import prices went up by 0.9%, easily exceeding market estimates of 0.3% and pointing to the second successive month of growth. It also represented the steepest monthly increase since September 2023. source: Federal Statistical Office

Import Prices YoY in Germany increased to 0.60 percent in November from -0.80 percent in October of 2024. Import Prices YoY in Germany averaged 2.04 percent from 1963 until 2024, 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 January of 2025.

Import Prices YoY in Germany increased to 0.60 percent in November from -0.80 percent in October of 2024. Import Prices YoY in Germany is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-29 07:00 AM
Import Prices YoY
Oct -0.8% -1.3% -1.2% -1%
2024-12-23 07:00 AM
Import Prices YoY
Nov 0.6% -0.8% 1.0%
2025-01-31 07:00 AM
Import Prices YoY
Dec 0.6% 3.6%


Related Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 2.60 2.20 percent Dec 2024
Bavaria CPI MoM 3.00 0.50 percent Jan 2025
Brandenburg CPI YoY 2.40 1.90 percent Dec 2024
CPI 119.90 120.20 points Nov 2024
Core Consumer Prices 116.00 116.30 points Nov 2024
Core Inflation Rate 3.10 3.00 percent Dec 2024
CPI Housing Utilities 116.30 116.30 points Nov 2024
CPI Transportation 123.80 124.90 points Nov 2024
Energy Inflation -1.70 -3.70 percent Dec 2024
Export Prices 114.80 114.50 points Oct 2024
Food Inflation 2.44 2.84 percent Nov 2024
Harmonised Consumer Prices 129.30 130.20 points Nov 2024
Harmonised Inflation Rate MoM 0.70 -0.70 percent Dec 2024
Harmonised Inflation Rate YoY 2.80 2.40 percent Dec 2024
Hesse CPI YoY 2.40 2.00 percent Dec 2024
Import Prices 113.50 112.50 points Nov 2024
Import Prices MoM 0.90 0.60 percent Nov 2024
Import Prices YoY 0.60 -0.80 percent Nov 2024
Inflation Rate YoY 2.60 2.20 percent Dec 2024
Inflation Rate MoM 0.40 -0.20 percent Dec 2024
North Rhine Westphalia CPI YoY 2.50 1.90 percent Dec 2024
PPI MoM 0.50 0.20 percent Nov 2024
Producer Prices 128.40 127.70 points Nov 2024
PPI YoY 0.10 -1.10 percent Nov 2024
Rent Inflation 2.30 2.30 percent Nov 2024
Saxony CPI YoY 3.20 2.90 percent Dec 2024
Services Inflation 4.10 4.00 percent Dec 2024
Wholesale Prices 116.20 116.20 points Nov 2024
Wholesale Prices MoM 0.00 0.40 percent Nov 2024
Wholesale Prices YoY -0.60 -0.80 percent Nov 2024

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
0.60 -0.80 35.00 -18.20 1963 - 2024 percent Monthly
NSA, 2021=100


News Stream
German Import Prices Rise for First Time in 3 Months
German import prices increased by 0.6% year-on-year in November 2024, shifting from a 0.8% drop in the previous month and marking the first rise since August. Energy prices declined much softer (-8.2% vs -14.1% in October), with notable decreases in crude oil (-11.6%), mineral oil products (-10.9%), diesel fuels and heating oil (-17.4%), petrol (-14.6%), and natural gas (-5.1%). On the other hand, prices rose for consumer goods (3.4% vs 2.1%), intermediate goods (1.1% vs 0.2%), and capital goods (0.1% vs flat reading). Excluding energy, import costs were 1.7% higher compared to November 2023. Monthly, import prices went up by 0.9%, easily exceeding market estimates of 0.3% and pointing to the second successive month of growth. It also represented the steepest monthly increase since September 2023.
2024-12-23
German Import Prices Fall Less Than Expected
German import prices dropped by 0.8% year-on-year in October 2024, less than market expectations of a 1.2% fall and following a 1.3% decrease in September. This marked the second consecutive month of falling import prices, attributed to lower energy costs (-14.1%), particularly diesel fuels and heating oil (-26.5%), petrol (-19.1%), crude oil (-18.9%), and mineral oil (-17.7%). Conversely, prices increased for consumer goods (2.1%) and intermediate goods (0.2%), while remained unchanged for capital goods. Excluding energy, import costs were 0.9% higher compared to the same month a year ago. On a monthly basis, import prices grew by 0.6% in October, more than market forecasts of a 0.1% rise and rebounding from a 0.4% drop in each of the previous three months.
2024-11-29
German Import Prices Drop in September
German import prices fell by 1.3% year-on-year in September 2024, ending three months of growth and following a 0.2% increase in August. This decline was mainly due to a sharp drop in energy prices (-16.1%), with significant decreases in diesel (-34.2%), gasoline (-30.9%), electricity (-22.2%), crude oil (-19.9%), and natural gas (-5.6%). Additionally, costs fell for intermediate goods (-0.4%) and capital goods (-0.3%). In contrast, consumer goods prices rose (1.9%), with durable goods up 0.4% and non-durable goods up 2.4%, while agricultural products increased 7.3%, largely due to broadly higher raw cocoa prices (107.8%). Excluding energy, import costs were 0.6% higher compared to the same period last year. On a monthly basis, import prices dropped by 0.4%, matching forecasts and the decline in the past two months.
2024-10-31