FX.co ★ German Import Price Growth Cools in May, Signaling Softer Cost Pressures

Germany’s import price inflation eased in May 2026, suggesting a moderation in external cost pressures for Europe’s largest economy.

According to the latest data updated on 30 June 2026, the German Import Price Index rose 0.7% month-over-month in May, down from a 1.2% increase in April 2026. The figures compare the change in import prices each month against the previous month, indicating that while prices continued to rise, the pace of growth slowed.

The deceleration from April to May could point to some relief for German producers and consumers, as lower import cost momentum may help limit overall price pressures in the coming months, provided the trend continues.