German import prices increased by 31.7 percent in April compared to last’s year period, the strongest jump since 1974 due to rising energy prices.
- Rising prices for intermediate goods, including metals, plastics, and nitrogen compounds, were key contributors to the surge, largely in line with the projected 32% increase.
- Compared to March, import prices in April increased by 1.8% compared to an estimate of 2%, driven by energy price increases.
- German prices rose 16% year-on-year in April and were 0.8% higher than the prices reported in March.
In March and February 2022, the annual change in export prices were +15.9% and +12.4%, accordingly.
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Source: Federal Statistical Office
