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Import prices in industry

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Federal Statistical Office (DESTATIS)

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This indicator is part of the overall STS indicator system which supports business cycle observation. The import price index aims to show the development of the purchase prices of goods imported from abroad.

19 May 2025

The basic information collected is the import price excluding VAT and consumption taxes. The import price index aims to show the development of the purchase prices of goods imported from abroad. Variables, definitions and frequency of data compilation correspond with Commission Regulation (EU) 2019/2152 of 27 November 2019 in conjunction with Commission Implementing Regulation (EU) 2020/1197.

Observation units are enterprises and reporting units are local units for the NACE Sections defined above.

Contract prices on imports.

Country as a whole.

Month.

Import price index figures are very rarely revised. First releases are highly reliable. Results are normally final for the respective reference month with the first release. Choosing a more recent base year leads to slight revision-related differences due to new calculation bases (i.e. basket of goods, weighting pattern, sample of reporting units).

In the case of non-response the price is estimated by well-defined compensation methods and the price representative is replaced as soon as possible.

Indices as result of survey on prices.

Estimates for non-response base on imputation techniques (e.g. estimation with price evolution of similar products) which are described in more detail in section 13.3.

Estimates for grossing-up to population levels are not applicable.

The type of indices is Carli (elementary indices) and Laspeyres (aggregated indices) which is rebased in general every five years.

The method of weighting and chaining requires four stages. First, for each price representative (product at the 6- or 8-digit level of national version of CPA for one observation unit) a simple index (price relative) is compiled as a ratio of the current price and the average price in the base year. Second, for each product at the 6- or 8-digit level of national version of CPA an elementary index is compiled as an average of the simple indices compiled at stage 1 (Carli-Index). Third, elementary indices compiled at stage 2 are combined to aggregate indices up to the CPA/NACE-2-digit level using fixed weights (base year 2021). These weights represent the import share of each product. A distinction is made for imports from the euro area and the non-euro area. This information is derived from the foreign trade statistics survey of the base year.

Data on prices and values of price determining characteristics are collected via statistical surveys.

The frame on which the source is based is the foreign trade statistic.

Generally, collection of data is carried out through a targeted sample. Units with an import value of less than EUR 500,000 per year are normally excluded. The sampling method is not formalised. A judicious selection depending on the value of imports is performed.

A fundamental revision of the samples is carried out every five years. The new samples serve for rotation of respondents and permanent adjustments due to the necessity of replacements forced by changes in the market structures.

Monthly.

Results are published around 25 days after the end of the reference month. The prices refer to the average of the reference month.

Consistent time series of the recent base year are available since 1991 since Germany is covered as a whole. Earlier periods refer to the former territory of the Federal Republic of Germany only.

The Laspeyres concept applied to import price statistics is based on the principle that calculation bases are constant (basket of goods, sample of reporting units, sample of price representatives, weighting pattern). In theory, this ensures the comparability of the calculated indices within a base period.

Price indices for different base periods are often chain-linked to form long-time index series. Due to the introduction of new weighing schemes and methodological changes in the course of implementing a new base year, the long series of import price indices are comparable to a limited extent. A particular problem regarding comparability between different base periods is changes in the underlying classifications.