Industrial producer prices down by 0.9% in both the euro area and the EU

January 9, 2023

In November 2022, industrial producer prices fell by 0.9% in both the euro area and the EU, compared with October 2022, according to estimates from Eurostat, the statistical office of the European Union. In October 2022, prices decreased by 3.0% in the euro area and by 2.6% in the EU.

In November 2022, compared with November 2021, industrial producer prices increased by 27.1% in the euro area and by 27.4% in the EU.

Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in November 2022, compared with October 2022, decreased by 2.2% in the energy sector and by 0.4% for intermediate goods, while prices increased by 0.2% for durable consumer goods, by 0.3% for capital goods and by 0.6% for non-durable consumer goods. Prices in total industry excluding energy increased by 0.1%.

In the EU, industrial producer prices decreased by 1.9% in the energy sector and by 0.4% for intermediate goods, while prices increased by 0.2% for durable consumer goods, by 0.3% for capital goods and by 0.6% for non-durable consumer goods. Prices in total industry excluding energy increased by 0.1%.

The largest monthly decreases in industrial producer prices were recorded in Bulgaria (-12.6%), Slovakia (-11.6%) and Greece (-6.0%), while the highest increases were observed in Italy (+3.3%), Sweden (+2.7%) and Ireland (+2.4%).

Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in November 2022, compared with November 2021, increased by 55.7% in the energy sector, by 16.0% for non-durable consumer goods, by 15.3% for intermediate goods, by 9.4% for durable consumer goods and by 7.6% for capital goods. Prices in total industry excluding energy increased by 13.1%.

In the EU, industrial producer prices increased by 56.0% in the energy sector, by 17.1% for non-durable consumer goods, by 15.5% for intermediate goods, by 9.7% for durable consumer goods and by 7.7% for capital goods.

Prices in total industry excluding energy increased by 13.6%. The highest annual increases in industrial producer prices were recorded in Hungary (+63.5%), Latvia (+51.2%) and Romania (+44.8%). The only decrease was observed in Ireland (-13.0%)

Source: Eurostat
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