Germany’s import price index swung back into positive territory in March 2026, marking a sharp turnaround in external price pressures for Europe’s largest economy. According to data updated on 30 April 2026, import prices rose 2.3% year-over-year in March, compared with a 2.3% decline recorded in February 2026.
The figures, measured on a year-over-year basis, indicate that while February’s reading still reflected cheaper imports compared to February 2025, March saw the first annual increase in import prices relative to March 2025. The reversal from -2.3% to +2.3% suggests a notable shift in cost dynamics for imported goods, which could have implications for domestic producer costs and, ultimately, consumer inflation in the months ahead.
