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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Import Prices MoM climbed to 1.0% in August 2026
FMPMonthlyReleased September 2026
Germany Import Prices MoM climbed to 1.0% in August 2026, released September 2026, up 0.8% from July's 0.2% reading. The print exceeded the 0.7% consensus by 0.3%. Import Prices MoM has now risen for 3 consecutive months. Over the past 3 months, Import Prices MoM averaged -0.25%, vs 1.83% in the prior 3-month window. The reading is in the 81st percentile of the trailing 24-month range.
Latest Release
1
Actual
0.7
Consensus
0.2
Previous
Median Absolute Error
±0.14 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 0.7
Actual: 1
Error: -0.3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/JPY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.39 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.36 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.35 | CRYPTO | Moves against | → View |
| FTSE 100 | ▼ Inverse | −0.35 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Import Prices MoM (Germany) was reported at 1% in September 2026. This beat the market consensus of 0.7% by 0.3%. The reading rose from the previous value of 0.2%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 0.42%, ranging from -0.7% to 1.2% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.17%, down from the prior three at 0.73%. Volatility over the past year (σ 0.54%) is lower than the prior year (σ 0.79%). In September readings over the past 3 years, Import Prices MoM has averaged 0.03%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/JPY (Bearish EUR). A secondary relationship exists with Euro STOXX 50, negatively correlated (Bearish Euro STOXX 50). Over the last 12 releases, the Sigmacast model's median absolute error is 0.14%.
WHAT TO WATCH NEXT
The next release is scheduled for October 30, 2026. Same-country events in the next 14 days include Wholesale Prices YoY (Oct 14) and Wholesale Prices MoM (Oct 14).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Import Prices MoM - DE
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About Import Prices MoM — Germany
DEFINITION
Import Prices MoM (Month-over-Month) is a financial indicator that measures the change in the prices of goods and services imported into a country on a monthly basis. It provides valuable insights into the cost of foreign goods and the impact of international trade on a country's economy. This indicator is closely monitored by economists, investors, and policymakers as it can reflect changes in inflation, exchange rates, and global economic conditions.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 1 %, consensus 0.7 %. Prior reading (Jul 2026): 0.2 %. Before that (Jun 2026): -0.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/JPY (Bearish EUR, r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - DE Events
| Tuesday, October 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Inflation Rate MoM | 0.6 | 0.2 | 0.6 | 0.60 | Low |
| 06:00 | DE | Harmonised Inflation Rate YoY | 3.3 | 2.9 | 3.3 | 3.30 | Low |
| 06:00 | DE | Harmonised Inflation Rate MoM | 0.6 | 0.2 | 0.6 | 0.60 | Low |
| 06:00 | DE | Inflation Rate YoY | 3.3 | 2.9 | 3.3 | 3.30 | Low |
| 12:30 | DE | Current Account | 10.3 | 21.8 | 17.2 | 13.75 | Low |
| Wednesday, October 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | DE | Wholesale Prices YoY | 6.8 | 7 | 6.35 | Medium | |
| 06:00 | DE | Wholesale Prices MoM | 0.9 | 0.7 | 0.10 | Medium | |