February 6, 2023
In December 2022, industrial producer prices rose by 1.1% in the euro area and by 1.2% in the EU, compared with November 2022, according to estimates from Eurostat, the statistical office of the European Union. In November 2022, prices decreased by 1.0% in the euro area and by 0.9% in the EU.
In December 2022, compared with December 2021, industrial producer prices increased by 24.6% in the euro area and by 25.2% in the EU.
The annual average industrial producer prices for the year 2022, compared with 2021, increased by 34.4% in the euro area and by 34.3% in the EU
Monthly comparison by main industrial grouping and by Member State
Industrial producer prices in the euro area in December 2022, compared with November 2022, increased by 2.5% in the energy sector, by 0.5% for non-durable consumer goods, by 0.4% for durable consumer goods and by 0.3% for capital goods, while prices decreased by 0.5% for intermediate goods. Prices in total industry excluding energy decreased by 0.1%.
In the EU, industrial producer prices increased by 2.9% in the energy sector, by 0.5% for non-durable consumer goods, by 0.4% for durable consumer goods and by 0.3% for capital goods, while prices decreased by 0.5% for intermediate goods. Prices in total industry excluding energy decreased by 0.1%.
The highest monthly increases in industrial producer prices were observed in Ireland (+43.2%), Bulgaria (+6.0%) and Sweden (+4.4%), while the largest decreases were recorded in Portugal (-3.2%), Croatia (-2.6%) and Slovakia (-2.5%).
Annual comparison by main industrial grouping and by Member State
Industrial producer prices in the euro area in December 2022, compared with December 2021, increased by 48.6% in the energy sector, by 15.6% for non-durable consumer goods, by 13.8% for intermediate goods, by 9.7% for durable consumer goods and by 7.5% for capital goods. Prices in total industry excluding energy increased by 12.3%.
In the EU, industrial producer prices increased by 49.6% in the energy sector, by 16.7% for non-durable consumer goods, by 14.0% for intermediate goods, by 9.9% for durable consumer goods and by 7.7% for capital goods. Prices in total industry excluding energy increased by 12.8%.
The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Hungary (+62.7%), Latvia (+49.4%) and Romania (+41.9%).
Source: Eurostat
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