Import prices decreased by 1.5 percent in August 2025 compared to August 2024. This follows declines of -1.4 percent in both July and June of 2025 when compared to their respective year-on-year periods. According to data released by the Federal Statistical Office, import prices fell by 0.5 percent in August 2025 compared to the previous month of July 2025.
Export prices, meanwhile, rose by 0.5 percent in August 2025 compared to August 2024, a slight deceleration from the +0.6 percent increase recorded in July 2025 and the +0.7 percent increase in June 2025. Export prices declined by 0.1 percent compared to July 2025.
The most significant factor contributing to the overall decline in import prices in August 2025 was a continued drop in energy prices, which were down 15.6 percent compared to August 2024. Energy prices fell by an average of 5.0 percent compared to July 2025.
All types of energy carriers were cheaper in August 2025 than in the same month of 2024: hard coal (-20.9 percent, -2.3 percent compared to July 2025), crude oil (-20.5 percent, -2.5 percent compared to July 2025), natural gas (-13.2 percent, -8.0 percent compared to July 2025), petroleum products (-11.6 percent, -3.4 percent compared to July 2025) and electricity (-5.3 percent, -12.2 percent compared to July 2025).
Excluding energy prices, import prices remained unchanged compared to both the previous year and the previous month. When excluding only crude oil and petroleum products, the import price index was 0.6 percent below the level of August 2024 and 0.4 percent below the level of July 2025.
Prices for imported intermediate goods were 1.0 percent lower than in August 2024 (-0.1 percent compared to July 2025), while prices for investment goods were 0.5 percent lower (+0.1 percent compared to July 2025).
Conversely, prices for imported consumer goods (both durable and non-durable goods) increased by 1.5 percent compared to August 2024, remaining unchanged compared to July 2025. Imported non-durable consumer goods were 2.0 percent more expensive than in August 2024, while imported durable goods decreased by 1.1 percent compared to the same period last year (+0.1 percent compared to July 2025).
Significant price increases were observed in several food items, up 9.1 percent compared to August 2024, with a further increase of 0.2 percent compared to July 2025. Items experiencing notable increases included orange juice (+46.7 percent), roasted or decaffeinated coffee (+39.8 percent), peeled hazelnuts (+33.7 percent), beef (+30.8 percent), poultry meat (+29.8 percent), confectionery (+22.5 percent) and apple juice (+22.1 percent). Sugar and olive oil, however, were considerably cheaper.
Agricultural export prices rose 1.1 percent compared to August 2024, while prices declined by 0.6 percent compared to July 2025.
On the export side, price increases in consumer and investment goods had the most substantial impact on price developments. Exported consumer goods were 1.8 percent more expensive than in August 2024 (+0.1 percent compared to July 2025). Prices for non-durable consumer goods increased by 1.8 percent year-on-year, while durable goods were 1.6 percent more expensive. Similar to imports, food prices increased significantly for exported goods (+6.3 percent). Notably, exported roasted or decaffeinated coffee saw a substantial increase of 50.1 percent (+2.6 percent compared to July 2025). Conversely, sugar exports decreased significantly (-29.1 percent).