Press release No. 274 of 30 June 2022
Import prices, May 2022
+30.6% on the same month a year earlier
+0.9% on the previous month
Export prices, May 2022
+15.9% on the same month a year earlier
+0.6% on the previous month
WIESBADEN – Import prices were 30.6% higher in May 2022 compared with May 2021. The year-on-year rate of change had been +31.7% in April 2022 and +31.2% in March 2022, according to the Federal Statistical Office (Destatis). Compared with April 2022, import prices were up 0.9% in May 2022.
High price increase mainly caused by the development of energy prices
In May 2022 energy imports were 143.8% more expensive than in May 2021. The largest influence on the year-on-year rate of the energy price increase had the price increase of natural gas with a plus of 235.6%, followed by that of crude oil with a plus of 80.2%.
The index of import prices, excluding crude oil and mineral oil products, increased by 26.2% in May 2022 compared with May 2021 and rose by 0.3% in comparison with April 2022.
Change of export prices in May 2022
The index of export prices was 15.9% higher in May 2022 than in May 2021. In April 2022 and March 2022, the year-on-year rate of change had been +16.0% and +15.9%, respectively. Compared with April 2022, export prices were up 0.6% in May 2022.
The import prices form part of the Crisis Monitor www.destatis.de/krisenmonitor), by means of which the Federal Statistical Office compares the development of major short-term indicators in the Covid-19 crisis and the financial and economic crisis of 2008/2009. Import prices are also provided on the Corona statistics webpage (www.destatis.de/corona) together with other indicators that can be used to assess the economic consequences of the Covid-19 pandemic.
More detailed data and long time series are available in tables Index of import prices (61411-0002 and 61411-0006) and Index of export prices (61421-0002 and 61421-0006) in the GENESIS-Online database.
