Import prices in Germany down 0.4% YoY, 1.7% MoM in Apr 2025

The drop in April was the largest MoM decline in import prices since the start of the COVID-19 crisis in April 2020.

Export prices in the country in April this year were up by 1 per cent YoY and down by 0.5 per cent MoM. The YoY rise was 2 per cent in March and 2.5 per cent in February this year.

Energy had the biggest impact on the YoY decline in import prices, according to a Destatis release.

When energy prices are excluded, import prices in April were 0.8 per cent higher YoY. However, such prices were down by 0.8 per cent MoM in the month.

Lower import prices were also registered for intermediate and capital goods. The import prices of intermediate goods were 0.1 per cent lower YoY and 1.1 per cent lower MoM in the month, while the import prices of capital goods were down by 0.2 per cent YoY and 0.4 per cent MoM.

In April, the prices of imported consumer goods (durable and non-durable) continued to be 2.6 per cent higher YoY, but were down by 0.4 per cent MoM. Imported non-durable consumer goods were 3.3 per cent more expensive YoY and 0.3 per cent less costly MoM, while the prices of imported durable consumer goods were unchanged YoY and dropped by 0.8 per cent MoM.

The biggest influence on YoY development of export prices came from consumer and capital goods.

Exported consumer goods were 2.1 per cent more expensive YoY and 0.2 per cent more expensive MoM. While the export prices of durable consumer goods were up by 1.3 per cent YoY, non-durable consumer goods were 2.3 per cent more expensive YoY.

The prices of exported capital goods rose by 1 per cent YoY and dropped by 0.2 per cent MoM in April.

Intermediate goods were 0.5 per cent more expensive than in April 2024. Compared with the previous month, however, the price of intermediate goods was down by 0.4 per cent on an average.

Energy exports also cost 0.5 per cent more YoY in April, but 10.4 per cent less MoM.

ALCHEMPro News Desk (DS)