September 7, 2022
In July 2022, industrial producer prices rose by 4.0% in the euro area and by 3.7% in the EU, compared with June 2022, according to estimates from Eurostat, the statistical office of the European Union. In June 2022, prices increased by 1.3% in the euro area and by 1.5% in the EU.
In July 2022, compared with July 2021, industrial producer prices increased by 37.9% in the euro area and by 37.8% in the EU.
Monthly comparison by main industrial grouping and by Member State
Industrial producer prices in the euro area 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. Prices in total industry excluding energy increased by 0.6%. In the EU, industrial producer prices increased by 8.2% in the energy sector, by 1.1% 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. Prices in total industry excluding energy increased by 0.6%.
The highest monthly increases in industrial producer prices were recorded in Ireland (+26.1%), Hungary (+9.4%) and Bulgaria (+8.0%), while the largest decreases were observed in Portugal (-1.5%), Sweden (-1.2%) and Luxembourg (-0.9%).
Annual comparison by main industrial grouping and by Member State
Industrial producer prices in the euro area in July 2022, compared with July 2021, increased by 97.2% in the energy sector, by 21.6% for intermediate goods, by 13.8% for non-durable consumer goods, by 9.8% for durable consumer goods and by 7.9% for capital goods. Prices in total industry excluding energy increased by 15.1%. In the EU, industrial producer prices increased by 96.2% in the energy sector, by 21.7% for intermediate goods, by 14.8% for non-durable consumer goods, by 10.3% for durable consumer goods and by 8.1% for capital goods.
Prices in total industry excluding energy increased by 15.7%. The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Romania (+67.4%), Bulgaria (+55.9%) and Denmark (+55.1%).
Source: Eurostat
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