In August 2022, industrial producer prices rose by 5.0% in the euro area and by 4.9% in the EU, compared with July 2022, according to estimates from Eurostat, the statistical office of the European Union.
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In July 2022, prices increased by 4.0% in the euro area and by 3.7% in the EU. In August 2022, compared with August 2021, industrial producer prices increased by 43.3% in the euro area and by 43.0% in the EU.
Industrial producer prices in the euro area in August 2022, compared with July 2022, increased by 11.8% in the energy sector, by 0.8% for non-durable consumer goods, by 0.4% for capital goods, by 0.3% for durable consumer goods and by 0.1% for intermediate goods. Prices in total industry excluding energy increased by 0.3%.
In the EU, industrial producer prices increased by 11.9% in the energy sector, by 0.9% for non-durable consumer goods, by 0.3% for capital goods and for durable consumer goods and by 0.1% for intermediate goods. Prices in total industry excluding energy increased by 0.3%.
The highest monthly increases in industrial producer prices were recorded in Ireland (+28.4%), Bulgaria (+12.5%) and Hungary (+10.6%), while the only decreases were observed in Luxembourg (-1.8%), Portugal (-0.6%) and Czechia (-0.1%).
Industrial producer prices in the euro area in August 2022, compared with August 2021, increased by 116.8% in the energy sector, by 19.9% for intermediate goods, by 14.4% for non-durable consumer goods, by 9.8% for durable consumer goods and by 7.8% for capital goods. Prices in total industry excluding energy increased by 14.5%.
In the EU, industrial producer prices increased by 115.4% in the energy sector, by 20.1% for intermediate goods, by 15.6% for non-durable consumer goods, by 10.2% for durable consumer goods and by 8.1% for capital goods. Prices in total industry excluding energy increased by 15.1%.
The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Ireland (+97.4%), Romania (+70.9%) and Bulgaria (+68.3%).
The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden. ■