Prices for goods imported into Germany jumped 31.7% in April, a record pace since the 1974 oil crisis, according to the country’s Federal Statistical Office (Destatis).
In particular, the cost of energy imports soared 2.5 times (157.4%) in annual terms, including natural gas increased in price four times, oil – almost 1.8 times (77.5%). Excluding energy carriers, import prices increased by 27.6%.
Among other categories of goods, the most impressive growth was recorded by prices for fertilizers and nitrogen (by 2.9 times), aluminum (by 1.8 times), iron, steel and ferroalloys (by 1.6 times). Imported plastic rose in price by 27.7%, machinery – by 7.9%, cars and auto parts – by 5.7%.
The cost of foreign purchases of food products increased by 20.7%, including coffee – by 68.6%, cereals – by 55.8%.
Compared to March, prices for imported goods increased by 1.8%.
