Industrial Producer Prices in the Euro Area Rose by 27.1 Percent Annually

05 January 2023

According to the industrial producer price index data published by the statistical office of the European Union (Eurostat), in November 2022, compared with November 2021, industrial producer prices increased by 27.1% in the euro area and by 27.4% in the EU. In contrast, industrial producer prices fell by 0.9% both in the euro area and in the EU, compared with the previous month. The largest monthly decreases in industrial producer prices were recorded in Bulgaria (-12.6%), Slovakia (-11.6%) and Greece (-6.0%), while the highest increases were observed in Italy (+3.3%), Sweden (+2.7%) and Ireland (+2.4%). The highest annual increases in industrial producer prices were recorded in Hungary (+63.5%), Latvia (+51.2%) and Romania (+44.8%). The only decrease was observed in Ireland (-13.0%).

Industrial producer prices in the euro area in November 2022, compared with November 2021, increased by 55.7% in the energy sector, by 16.0% for non-durable consumer goods, by 15.3% for intermediate goods, by 9.4% for durable consumer goods and by 7.6% for capital goods. Prices in total industry excluding energy increased by 13.1%.
 
Source:  Eurostat
Post by: Republic of Türkiye Ministry of Trade