Euro area industrial producer prices rise by 4 percent
In July 2022, industrial producer prices rose by 4.0 percent in the Euro area, by 3.7% in the EU, in comparison with the same month last year. This is according to the latest estimates from Eurostat, the European Union’s statistical office, which provides statistical information for the European Union. There was an increase in prices of 1.3% in the Euro area in June 2022 and a rise of 1.5% in the EU in June 2022.
Euro area industrial producer prices increased by 37.9% in July 2022 compared with July 2021, while EU producer prices increased by 37.8%. Euro area industrial producer prices in July 2022, compared with June 2022, increased by 9.0% in the energy sector, by 1.2% for non-durable consumer goods, by 0.9% for durable consumer goods, by 0.8% for capital goods, and by 0.1% for intermediate goods. There was a 0.6% increase in prices in total industry excluding energy.
Energy producer prices in the EU increased by 8.2%, non-durable consumer goods by 1.1%, durable consumer goods by 0.9%, capital goods by 0.8%, and intermediate goods by 0.1%. Total industry prices excluding energy increased by 0.6%. Ireland (+26.1%), Hungary (+9.4%) and Bulgaria (+8.0%) recorded the highest monthly increases in industrial producer prices, while Portugal (-1.5%), Sweden (-1.2%) and Luxembourg (-0.9%) recorded the largest decreases.