German Import Prices YoY (Dec) Y/Y -2.3% vs. Exp. -2.6% (Prev. -1.9%)

Destatis

• "Once again, the decrease in energy prices, at -20.6% compared with December 2024, had the biggest impact on the overall development of import prices in December 2025. Compared with November 2025, energy prices fell by 4.6% on average."

German import prices declined by 2.3% year-on-year in December, which is a smaller decrease than the expected 2.6%. This indicates a slight resilience in the import price dynamics, primarily driven by a notable decline in energy prices, which may have implications for inflation outlook and monetary policy discussions in the Eurozone.