FX.co ★ Germany’s Import Prices Rise Most in 2 Years

In February 2025, Germany experienced a 3.65% increase in import prices compared to the same month last year, up from a 3.1% rise noted in January. This represents the highest rate since January 2023, largely driven by increased costs in the consumer goods sector, which saw a 4.5% rise. Specifically, prices for durable goods rose by 5.2% and non-durables by 2.1%. Significant price increases were also observed in agricultural goods, which surged by 13.7%, and in the energy sector, which climbed by 9.8%. This energy price hike was mainly owing to a dramatic increase in electricity prices by 111.7% and natural gas prices by 40.5%. Furthermore, intermediate goods experienced a 2.9% price rise, and capital goods had a modest increase of 0.5%. When excluding energy, the import prices were up 3% compared to the previous year. On a monthly comparison, import prices rose 0.3%, marking a slowdown from January's 1.1% increase and contrary to the expected 0.1% decline.