Import prices in Germany decreased by 1.4 percent in July 2025 compared to July 2024, according to data released by the Federal Statistical Office (Destatis). This follows a similar decrease of 1.4 percent in June 2025 and a decrease of 1.1 percent in May 2025. Month-on-month, import prices fell by 0.4 percent in July 2025.
Export prices, meanwhile, were 0.6 percent higher in July 2025 than in the same month of the previous year, although down 0.2 percent compared to June 2025.
The decline in import prices was largely driven by a 12.5 percent decrease in energy prices year-on-year. Specifically, prices for crude oil, hard coal and mineral oil products all registered significant declines. However, the price of electric power increased considerably, rising 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 the price of crude oil and mineral oil products, import prices were 0.3 percent lower.
Import prices for intermediate and capital goods were also down year-on-year, falling by 1.5 percent and 0.5 percent, respectively. Import prices for consumer goods, however, rose by 1.6 percent, with non-durable consumer goods increasing by 2.3 percent and durable consumer goods decreasing by 1.2 percent.
A notable increase in the price of food, up 9.4 percent year-on-year, contributed to the overall rise in consumer goods prices. Significant increases were observed in the prices of orange juice, coffee, beef, hazelnuts, poultry, sweets, apple juice and dairy products. Conversely, sugar and olive oil prices fell during the same period.
Prices for imported agricultural goods were 1.9 percent higher year-on-year, but 2.3 percent lower than in June 2025. Notably, raw coffee prices increased significantly, despite a month-on-month decline. Prices for onions, poultry and eggs and potatoes also rose year-on-year.
Turning to exports, price increases in consumer and capital goods had the greatest influence on overall price developments. Exported consumer goods were 1.7 percent more expensive than in July 2024, while exported capital goods rose by 0.4 percent. Exported food products saw a 6.3 percent increase, specifically coffee recorded a significant price increase. Sugar exports, conversely, were considerably cheaper year-on-year.
Energy exports were slightly more expensive year-on-year, although mineral oil products were cheaper than in the previous year. Natural gas prices, however, were higher year-on-year. Agricultural exports were 0.7 percent cheaper year-on-year and prices also fell compared to June 2025.