April 6, 2022
According to Eurostat, in February 2022, the prices of industrial producer goods rose by 1.1% in the EU and the euro area, compared with January 2022. In comparison to the same month in the previous year industrial producer prices increased by 31.4% in EU and 31.1% in the euro area.
Monthly comparison by main industrial grouping and by Member State
In comparison to January 2022, industrial producer prices in the euro area in February 2022 rose by 1.6% for intermediate goods, by 1.3% in the energy sector and by 0.3% for capital goods. Prices rose by 0.6% and 0.8% for durable and non-durable consumer goods, respectively. Notably, prices in total industry excluding energy increased by 0.9%.
Additional in the EU industrial producer prices rose by, “1.5% for intermediate goods, by 1.4% in the energy sector, by 1.0% for non-durable consumer goods, by 0.7% for durable consumer goods and by 0.4% for capital goods. Prices in total industry excluding energy increased by 1.0%,” as noted by Eurostat.
The member states that recorded the highest increase in industrial producer prices are Slovakia (+13.6%), Slovenia (+5.7%) and Greece (+4.8%). Decreases were observed in Ireland (-8.1%), Finland (-0.5%), Latvia (-0.3%), and Bulgaria (-0.1%).
Annual comparison by main industrial grouping and by Member State
In comparison to February 2021, industrial producer prices in the euro area in February 2022 rose by 87.2% in the energy sector, by 20.8% for intermediate goods, by 7.2% for durable consumer goods, by 6.8% for non-durable consumer goods and by 5.9% for capital goods. Notably, prices in total industry excluding energy increased by 12.2%.
Additional in the EU industrial producer prices rose by 83.6% in the energy sector, by 21.1% for intermediate goods, by 7.7% and 7.4% for durable and non-durable consumer goods, respectively, while capital goods increased by 6.0%. Prices in total industry excluding energy increased by 12.5%, according to Eurostat.
The member states that recorded the highest increase in industrial producer prices are Ireland (+63.4%), Romania (+57.7%) and Denmark (+53.8%).
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