Germany recorded a 10.4% annual increase in import prices in September 2026, the strongest gain since November 2022. Prices were also 2.1% higher than in August, the Federal Statistical Office (Destatis) reported on Friday, October 30.

Energy was the main source of the increase, with imported energy prices surging 61.8% from a year earlier and 14.5% month on month. Electricity cost 96.2% more than in September 2025, while petroleum products rose 81.3%, crude oil 59.3% and natural gas 53.9%. Destatis linked the sharp movements to the effects of the Middle East conflict.

Prices for intermediate goods increased 11.1% on the year. Non-ferrous metals and semi-finished products rose 26.8%, including a 37.9% jump for copper and related products. By contrast, imported agricultural goods were 0.9% cheaper, with marked declines in live pigs, raw cocoa and raw coffee.

German export prices increased 5.3% year on year and 0.6% from August. Exported energy was 58.3% more expensive than a year earlier, while intermediate goods gained 7.2%. The indices are based on contract prices and exclude taxes and customs duties.