March 8, 2023
In January 2023, industrial producer prices fell by 2.8% in the euro area and by 2.2% in the EU, compared with December 2022, according to estimates from Eurostat, the statistical office of the European Union. In December 2022, prices increased by 1.1% in the euro area and by 1.2% in the EU.
In January 2023, compared with January 2022, industrial producer prices increased by 15.0% in the euro area and by 16.4% in the EU.
Monthly comparison by main industrial grouping and by Member State
Industrial producer prices in the euro area in January 2023, compared with December 2022, decreased by 9.4% in the energy sector, while prices increased by 0.8% for intermediate goods, by 1.2% for capital goods, by 1.5% for non-durable consumer goods and by 1.6% for durable consumer goods. Prices in total industry excluding energy increased by 1.1%.
In the EU, industrial producer prices decreased by 7.9% in the energy sector, while prices increased by 0.8% for intermediate goods, by 1.2% for capital goods, by 1.4% for non-durable consumer goods and by 1.5% for durable consumer goods. Prices in total industry excluding energy increased by 1.1%.
The largest monthly decreases in industrial producer prices were recorded in Ireland (-25.2%), Sweden (-8.0%) and Latvia (-5.8%), while the highest increases were observed in Slovakia (+9.0%), Czechia and Hungary (both +5.8%) and Austria (+4.9%).
Annual comparison by main industrial grouping and by Member State
Industrial producer prices in the euro area in January 2023, compared with January 2022, increased by 20.5% in the energy sector, by 15.4% for non-durable consumer goods, by 11.3% for intermediate goods, by 9.0% for durable consumer goods and by 7.3% for capital goods. Prices in total industry excluding energy increased by 11.1%.
In the EU, industrial producer prices increased by 24.2% in the energy sector, by 16.4% for non-durable consumer goods, by 11.8% for intermediate goods, by 9.3% for durable consumer goods and by 7.5% for capital goods. Prices in total industry excluding energy increased by 11.7%.
The highest annual increases in industrial producer prices were recorded in Hungary (+64.6%), Latvia (+38.8%) and Slovakia (+34.5%). The only decrease was observed in Ireland (-7.2%).
Source: Eurostat
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