Germany Import Price Index m/m

Country:
Germany
EUR, Euro
Sector:
Prices
Low 0.3% -0.9%
-1.8%
Last release Importance Actual Forecast
Previous
1.4%
0.3%
Next release Actual Forecast
Previous
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For the monthly price index of imports, the prices are calculated in euro (foreign currencies are converted at the current exchange rate), which are incurred by the importer at the German border, they are not list prices. In terms of trade, such prices are given the suffix CIF (cost, insurance, freight), which also describes the location of the price collection. For the importer this means on the one hand higher costs, but on the other hand also a lower risk. Prices do not include public charges such as customs duties or taxes. Import prices are collected at around 4,900 reporting points by around 3,600 price representatives.

The index can be described as the weighted average of the individual price change figures formed for a representative selection of imported goods (the so-called price representatives). The index weights for the selected goods are based on the corresponding import values from the foreign trade statistics for the respective base year.

The individual price series are standardized to a base year (= 100). For some world trade goods – e.g. grains and metals – international stock exchange quotations are also used. To ensure that the monthly values of an individual price series only reflect "pure" price changes, adjustment procedures are used for quality changes.

The index is calculated according to the so-called Laspeyres formula. This means that the weighing figures from the current base year remain unchanged until the index is converted to a new base year. The next base year will be 2020, the latest one is 2010.

The import price index m/m measures the price changes of the respective month compared to the previous month.

The export price and import price indices are used to calculate the terms of trade, which is a measure of the economic strength of an economy in international competition. If import prices fall compared to export prices, the terms of trade improve. This is seen as positive for the economy and can have a positive impact on the currency. However, rising import prices increase inflation, and this can have a positive effect on the currency in the short term.

Last values:

actual data

forecast

The chart of the entire available history of the "Germany Import Price Index m/m" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2020
0.3%
-0.9%
-1.8%
May 2020
0.3%
-0.9%
-1.8%
Apr 2020
-1.8%
-0.4%
-3.5%
Mar 2020
-3.5%
-1.0%
-0.9%
Feb 2020
-0.9%
-0.7%
-0.4%
Jan 2020
-0.4%
0.2%
0.2%
Dec 2019
0.2%
0.6%
0.5%
Nov 2019
0.5%
-0.6%
-0.1%
Oct 2019
-0.1%
0.6%
0.6%
Sep 2019
0.6%
0.4%
-0.6%
Aug 2019
-0.6%
0.0%
-0.2%
Jul 2019
-0.2%
-0.4%
-1.4%
Jun 2019
-1.4%
-0.1%
-0.1%
May 2019
-0.1%
0.0%
0.3%
Apr 2019
0.3%
-0.3%
0.0%
Mar 2019
0.0%
0.9%
0.3%
Feb 2019
0.3%
0.2%
-0.2%
Jan 2019
-0.2%
-1.7%
-1.3%
Dec 2018
-1.3%
-1.4%
-1.0%
Nov 2018
-1.0%
0.7%
1.0%
Oct 2018
1.0%
0.5%
0.4%
Sep 2018
0.4%
0.0%
Aug 2018
0.0%
-0.1%
Jul 2018
-0.2%
0.5%
Jun 2018
0.5%
1.6%
May 2018
1.6%
0.6%
Apr 2018
0.6%
0.0%
Mar 2018
0.0%
-0.6%
Feb 2018
-0.6%
0.5%
Jan 2018
0.5%
0.3%
Dec 2017
0.3%
0.8%
Nov 2017
0.8%
0.6%
Oct 2017
0.6%
0.9%
Sep 2017
0.9%
0.0%
Aug 2017
0.0%
-0.4%
Jul 2017
-0.4%
-1.1%
Jun 2017
-1.1%
-1.0%
May 2017
-1.0%
-0.1%
Apr 2017
-0.1%
-0.5%
Mar 2017
-0.5%
0.7%
Feb 2017
0.7%
0.9%
Jan 2017
0.9%
1.9%
Dec 2016
1.9%
0.7%
Nov 2016
0.7%
0.9%
Oct 2016
0.9%
0.1%
Sep 2016
0.1%
-0.2%
Aug 2016
-0.2%
0.1%
Jul 2016
0.1%
0.5%
Jun 2016
0.5%
0.9%
May 2016
0.9%
-0.1%

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