June 6, 2023
In April 2023, industrial producer prices fell by 3.2% in the euro area and by 2.9% in the EU, compared with March 2023, according to estimates from Eurostat, the statistical office of the European Union. In March 2023, prices decreased by 1.3% in both the euro area and the EU.
In April 2023, compared with April 2022, industrial producer prices increased by 1.0% in the euro area and by 2.3% in the EU.
Monthly comparison by main industrial grouping and by Member State
Industrial producer prices in the euro area in April 2023, compared with March 2023, decreased by 10.1% in the energy sector and by 0.6% for intermediate goods, while prices increased by 0.2% for durable consumer goods, by 0.3% for non-durable consumer goods and by 0.4% for capital goods. Prices in total industry excluding energy decreased by 0.1%.
In the EU, industrial producer prices decreased by 8.9% in the energy sector and by 0.6% for intermediate goods, while prices increased by 0.1% for durable consumer goods and by 0.4% for both capital goods and non-durable consumer goods. Prices in total industry excluding energy decreased by 0.2%.
The largest monthly decreases in industrial producer prices were recorded in Belgium (-9.1%), Italy (-6.5%) and Ireland (-6.3%), while increases were observed in Germany (+0.3%), Denmark (+0.2%) as well as Greece, Cyprus, Malta and Slovenia (all +0.1%).
Annual comparison by main industrial grouping and by Member State
Industrial producer prices in the euro area in April 2023, compared with April 2022, increased by 10.9% for non-durable consumer goods, by 7.3% for durable consumer goods, by 6.1% for capital goods and by 1.3% for intermediate goods, while prices decreased by 8.9% in the energy sector. Prices in total industry excluding energy increased by 5.1%.
In the EU, industrial producer prices increased by 11.3% for non-durable consumer goods, by 7.0% for durable consumer goods, by 6.1% for capital goods and by 1.5% for intermediate goods, while prices decreased by 5.6% in the energy sector. Prices in total industry excluding energy increased by 5.3%.
The highest annual increases in industrial producer prices were recorded in Hungary (+41.7%), Latvia (+22.7%) and Slovakia (+18.2%). The largest decreases were observed in Ireland (-21.4%), Greece (-13.1%) and Belgium (-6.8%).
Source: Eurostat
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