2025.08.2906:05:51UTC+00German Import Prices Fall More than Expected

In July 2025, Germany experienced a 1.4% year-over-year decline in import prices, aligning with June's figures and slightly surpassing market predictions of a 1.2% drop. This represents the fourth consecutive month of decreasing import prices and the most significant reduction in three months, primarily fueled by a substantial reduction in energy costs, which plummeted by 12.5%. Among the energy components, crude oil exhibited the most marked decrease at 22.7%, followed by hard coal at 17.9%, and mineral oil products at 12.9%. Excluding energy, import prices fell by 0.2% compared to the previous year. Intermediate goods saw a 1.5% decline, while capital goods went down by 0.5%. Conversely, consumer goods experienced a 1.6% increase, driven by a rise in non-durable goods at 2.3%, particularly in the food sector, which soared by 9.4% year-over-year. Significant price hikes were noted in orange juice (41.6%), coffee (34.5%), and beef (30.9%). Agricultural imports also rose by 1.9%, owing to dramatic increases in onion prices (78.8%) and the cost of poultry and eggs (15.2%). On a month-to-month basis, import prices decreased by 0.4% in July, after remaining steady in June.