Germany’s Import Price Index rose by 1.1% month-over-month in January 2026, marking a notable turnaround from the slight decline recorded at the end of last year. The latest data, updated on 27 February 2026, show a clear shift from December 2025, when import prices fell by 0.1% compared with November.
The month-over-month comparison indicates that external cost pressures are once again moving higher after a brief period of easing. While detailed drivers of the increase are not provided, the move from negative to positive territory suggests that imported goods and inputs are becoming more expensive at the start of 2026 than they were in late 2025. Investors and policymakers will be watching subsequent releases closely to see whether this marks the start of a sustained upswing in import price dynamics or a short-term adjustment.
