Wiesbaden The prices of goods imported into Germany are rising more strongly again after the sharp upswing of the previous months has cooled off somewhat. Import prices increased by 32.7 percent in August compared to the same month last year, as the Federal Statistical Office announced on Friday in Wiesbaden.
It is the strongest increase since 1974. Import prices had also risen sharply in the previous months, albeit with a weaker trend.
Energy prices continue to rise particularly sharply. Imported energy was around 162 percent more expensive in August than a year earlier. Compared to the previous month alone, the increase was almost 19 percent.
The main reason is the sharp rise in natural gas prices, which are around four times higher than a year ago. Electricity costs about 465 percent more than a year earlier. Compared to the previous month alone, the prices for imported electricity increased by almost half. Many intermediate goods also rose sharply in price.
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