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 reveals the identical story that it has been all yr, that being the most important drag on the general improvement was the decline in vitality costs. That was the identical case for the month-to-month studying as properly, with December reflecting a 4.6% drop in vitality 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 will simply be a 0.3% decline in case you exclude vitality costs from the calculations.
It is the identical as after we have 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 whenever you strip out vitality costs, the import value index was 0.7% increased on common in 2025 than within the earlier yr.
The general breakdown reveals that costs for capital items had been additionally under 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 dearer than within the earlier yr.