FX.co ★ German Import Prices Extend Annual Slide in December, Deepening to 2.3% Drop

Germany’s Import Price Index fell further in December 2025, underscoring persistent disinflationary pressure from abroad. According to the latest data updated on 30 January 2026, import prices declined 2.3% year-over-year, compared with a 1.9% annual drop recorded in November 2025.

The figures, measured on a year-over-year basis, show that the December reading reflects a stronger decline in prices for imported goods than in the previous month, when the index also registered negative annual growth. The continued contraction suggests that external price pressures on the German economy remained subdued at the end of 2025, potentially easing cost burdens for manufacturers and import-dependent sectors while adding to concerns about weak price dynamics overall.