August 7, 2023

In June 2023, industrial producer prices fell by 0.4% in both the euro area and the EU, compared with May 2023, according to estimates from Eurostat, the statistical office of the European Union. In May 2023, prices decreased by 1.9% in both the euro area and the EU.

In June 2023, compared with June 2022, industrial producer prices decreased by 3.4% in the euro area and by 2.4% in the EU.

Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in June 2023, compared with May 2023, decreased by 0.7% for intermediate goods and by 0.5% in the energy sector, while prices remained stable for durable consumer goods and for non-durable consumer goods, and prices increased by 0.1% for capital goods. Prices in total industry excluding energy decreased by 0.3%.

In the EU, industrial producer prices decreased by 0.8% for intermediate goods, by 0.4% in the energy sector, and by 0.1 for durable consumer goods and for non-durable consumer goods, while prices increased by 0.1% for capital goods. Prices in total industry excluding energy decreased by 0.4%.

The largest monthly decreases in industrial producer prices were recorded in Hungary (-2.5%), Bulgaria and Latvia (both -2.4%) and Belgium (-2.2%), while the highest increases were observed in Ireland (+4.0), Croatia (+1.3%) and Sweden (+1.2%).

Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in June 2023, compared with June 2022, decreased by 16.5% in the energy sector, by 2.7% for intermediate goods, while prices increased by 5.2% for capital goods, by 5.9% for durable consumer goods and by 8.9% for non-durable consumer goods. Prices in total industry excluding energy increased by 2.5%.

In the EU, industrial producer prices decreased by 14.0% in the energy sector and by 2.7% for intermediate goods, while prices increased by 5.1% for capital goods, by 5.5% for durable consumer goods and by 9.0% for non-durable consumer goods. Prices in total industry excluding energy increased by 2.6%.

The largest annual decreases in industrial producer prices were recorded in Ireland (-17.1%), Belgium (-12.4%) and Bulgaria (-11.4%), while the highest increases were observed in Hungary (+29.5), Slovakia (+18.2%) and Slovenia (+7.4%)

Source: Eurostat
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