German import prices 1.4% lower YoY in Jul; export prices 0.5% up YoY

These were down by 0.4 per cent month on month (MoM) in July and by 1.1 per cent YoY in May.

Export prices were 0.6 per cent higher YoY in July, 0.7 per cent higher YoY in June and 1 per cent higher YoY in May. Such prices dropped by 0.2 per cent MoM in July.

The 12.5-per cent YoY drop in energy prices had the biggest impact on the overall development of import prices in July this year. Energy prices dropped by an average of 0.7 per cent in the month compared with June.

When energy prices are excluded, German import prices in July were down by 0.2 per cent YoY and 0.4 per cent MoM, a Destatis release said.

In the case of exports, the increase in the prices of consumer and capital goods had the biggest influence on the development of prices in July.

Exported consumer goods were 1.7 per cent more expensive YoY, while the prices remained unchanged MoM. Exported capital goods cost 0.4 per cent more YoY, but cost 0.3 per cent less MoM in July this year.

Energy was also exported at 0.3-per cent higher prices than in the same month of the previous year. Compared with June 2025, prices here were up by 3.2 per cent.

ALCHEMPro News Desk (DS)