Import prices in Germany decreased by 1.4 percent in July 2025 compared to July 2024, according to data released Friday by the Federal Statistical Office (Destatis). This follows a similar decrease of 1.4 percent in June 2025 and a decline of 1.1 percent in May 2025. Month-on-month, import prices fell by 0.4 percent between June and July 2025.
Export prices, meanwhile, were 0.6 percent higher in July 2025 than in the same month of the previous year, although a 0.2 percent decrease was recorded compared to June 2025.
The largest influence on the overall decline in import prices came from falling energy prices, which were 12.5 percent lower year-on-year. Crude oil, coal and mineral oil products all saw significant price reductions. However, electricity prices were notably higher, increasing by 30.5 percent year-on-year.
Excluding energy, import prices were 0.2 percent lower in July 2025 than in July 2024. Without accounting for oil and mineral oil products, the index fell by 0.3 percent. Import prices for intermediate and capital goods were also lower, falling by 1.5 and 0.5 percent respectively, compared to the previous year.
Imported consumer goods were 1.6 percent more expensive year-on-year, but 0.4 percent cheaper than in June 2025. Notably, food prices rose significantly, increasing by 9.4 percent year-on-year. Increases were observed in several food items, including orange juice, coffee, beef and hazelnuts. Conversely, sugar and olive oil prices decreased.
Agricultural imports were 1.9 percent higher than in July 2024 but 2.3 percent lower than in June 2025. Prices for onions, poultry and eggs and potatoes increased year-on-year, while live pigs and cocoa beans became cheaper.
Export prices were influenced by increased prices for consumer and capital goods. Exported consumer goods were 1.7 percent more expensive than in July 2024. Increased prices were also observed for coffee, while sugar exports decreased. Capital goods exports rose by 0.4 percent, while intermediate goods remained constant.
Energy exports were also higher, increasing by 0.3 percent year-on-year and 3.2 percent month-on-month. Mineral oil products were cheaper year-on-year, while natural gas prices increased. Agricultural exports were 0.7 percent cheaper than in July 2024 and 0.6 percent cheaper than in June 2025.
