German import prices experienced a year-on-year increase of 6.8% in July 2026, accelerating from the 6.1% rise recorded in June. This represents the fifth consecutive month of upward movement and matches the growth rate observed in May, making it the fastest increase since December 2022. The primary factor contributing to this acceleration was a substantial increase in energy prices, which climbed by 26.4% compared to 23.9% in June, with mineral oil prices showing notable rises.
For freight forwarders and shippers, this sustained increase in German import prices, particularly driven by energy costs, suggests a continued upward pressure on operational expenses. Higher energy prices directly impact fuel surcharges for all transport modes (sea, air, road, rail), leading to increased freight rates. Forwarders should anticipate elevated costs for inland transportation within Germany and potentially higher bunker fuel prices for ocean freight destined for or originating from German ports. This trend could also affect the pricing of imported goods, potentially influencing demand and trade volumes.