OMM Redaksiyası
Germany’s import prices rose 8.3% in August from a year earlier, marking their fastest increase since December 2022, according to data released by the Federal Statistical Office, Destatis.
Export prices also accelerated, increasing 4.7% year on year compared with August 2025. This was the largest annual rise since February 2023.
On a monthly basis, import prices increased 1% in August compared with July 2026, while export prices rose 0.4%.
Energy costs drive import price growth
Energy import prices jumped 43% year on year in August, with the war in the Middle East having a significant impact on the sector.
Destatis reported annual increases of 63.9% for electricity, 63.3% for mineral oil products and 41.9% for natural gas.
Prices for imported intermediate goods rose 11% annually, mainly because of higher costs for non-ferrous metals and semi-finished metal products.
By contrast, imported agricultural products became 2.4% cheaper, while prices for imported consumer goods declined by 0.5% from a year earlier.
Export prices affected by energy increases
Energy export prices climbed 44.1% compared with August 2025, also reflecting the impact of the Iran war, Destatis said.
Exported intermediate goods recorded a 7% annual price increase, making a significant contribution to the overall export price index.
Intermediate and capital goods together accounted for nearly 75% of Germany’s total goods exports.
