FX.co ★ German Import Prices Fall at Faster Pace

In August 2025, Germany experienced a significant year-on-year decrease in import prices, which fell by 1.5%, following a 1.4% decline in July. This marked the fifth consecutive month of reductions, with the most notable drop attributed to decreasing energy costs at -15.6%. Specific categories such as hard coal, crude oil, and natural gas saw marked declines of 20.9%, 20.5%, and 13.2%, respectively. When energy prices are excluded, import prices were down by 0.2% from the previous year. In contrast, consumer goods prices rose by 1.5%, largely driven by a 9.1% increase in food prices. Among these, there were significant upticks in the costs of orange juice (46.7%), coffee (39.8%), shelled hazelnuts (33.7%), and beef (30.8%). Additionally, agricultural imports surged by 5.2%, with onion and green coffee prices notably rising by 42.3% and 40.3%, respectively. On a month-to-month basis, import prices decreased by 0.5% in August. This was more than the anticipated market drop of 0.2% and a steeper decline compared to the 0.4% decrease reported in July.