Industrial Producer Prices up by 0.7% in the Euro Area and 0.8% in the EU

July 5, 2022

In May 2022, Industrial producer prices up by 0.7% in the euro area (+36.3% from May 2021) and by 0.8% in the EU (+36.4% from May 2021) when compared to April 2022, where prices increased 1.2% in the euro area and 1.3% in the EU.

The increases were due to intermediate goods (+1.7%), non-durable consumer goods (+1.4%), durable consumer goods (+0.8%), capital goods (+0.6%) and the energy sector (+0.1%). Prices for the total industry excluding energy increased by 1.4%.
The Member states with the largest monthly increases in industrial producer prices were Finland (+5.5%), Estonia (+5.4%) and Lithuania (+4.9%). Decreases were recorded in Ireland (-19.4%), Slovakia (-4.4%), the Netherlands (-0.8%), Bulgaria and France (-0.1% both).

Increases in industrial producer prices in the euro area in May 2022, compared with May 2021, were recorded in the energy sector (+94.4%), intermediate products (+25.0%), non-durable consumer goods (+12.3%), durable consumer goods (+9.1%) and capital goods (+7.5%). Price in total industry excluding energy increased by 16.0%.

Industrial producer prices in the EU increased in the energy sector (+92.9%), the intermediate good sector (+25.4%), the non-durable consumer goods sector (+13.2%), the durable consumer goods sector (+9.7%) and the capital goods sector (+7.8%). Prices in total industry excluding energy increased by 16.7%.

The biggest annual increases in all Member states were Denmark (+59.8%), Romania (+59.2%) and Estonia (+53.1%).



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