Germany’s import prices increased 5.3% year-on-year in April 2026, accelerating sharply from a 2.3% rise in the previous month and in line with market forecasts. This marked the second straight month of increases in import prices and the fastest pace since January 2023, driven largely by a 31.0% rise in energy costs, as prices increased for mineral oil products (58.1%), crude oil (47.5%), hard coal (8.1%), and natural gas (6.9%). Intermediate goods prices also climbed 7.8%, driven by increases in non-ferrous metals and semi-finished non-ferrous metal products (27.6%) and precious metals (49.9%).

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