The year-on-year studying for December was for a decline of two.3%, marking the sharpest year-on-year drop since March 2024. And total in 2025, the annual common for German import costs confirmed a lower of 0.3% in comparison with 2024.
The breakdown exhibits the identical story that it has been all 12 months, that being the most important drag on the general growth was the decline in power costs. That was the identical case for the month-to-month studying as nicely, with December reflecting a 4.6% drop in power costs in comparison with November. In the event you strip that out, import costs had been truly up 0.3% on the month as a substitute.
And looking out over to the year-on-year estimate, it might simply be a 0.3% decline for those who exclude power costs from the calculations.
It is the identical as after we take a look at the annual common too. For some context, the 0.3% drop in 2025 is not as unhealthy because the 1.2% drop in 2024 and 6.5% decline in 2023 earlier than that. However while you strip out power costs, the import worth index was 0.7% increased on common in 2025 than within the earlier 12 months.
The general breakdown exhibits that costs for capital items had been additionally beneath the 2024 degree in 2025 (-0.2%). In distinction, agricultural items (+4.3%), client items (+1.9%), and intermediate items (+0.3%) had been on common costlier than within the earlier 12 months.
