September 5, 2022
According to the statistical office of the European Union (Eurostat), industrial producer prices increased in July 2022, by 4.0% in the euro area (+37.9% from July 2021) and by 3.7% in the EU (+37.8% from July 2021) when compared to June 2022, where prices grew by 1.3% in the euro area and 1.5% in the EU.
Monthly comparison by main industrial grouping and by Member State
Increases in industrial producer prices in the euro area in July 2022, relative to June 2022, were recorded in the energy sector (+9.0%), non-durable consumer goods (+1.2%), durable consumer goods (+0.9%), capital goods (+0.8%) and intermediate goods (+0.1%). Prices for the total industry excluding energy increased by 0.6%.
Industrial producer prices in the EU increased in the energy sector (+8.2%), non-durable consumer goods (+1.1%), durable consumer goods (+0.9%), capital goods (+0.8%) and intermediate goods (+0.1%). Prices in total industry excluding energy increased by 0.6%.
The Member states with the largest monthly increases in industrial producer prices were Ireland (+26.1%), Hungary (+9.4%) and Bulgaria (+8.0%). Decreases were recorded in Portugal (-1.5%), Sweden (-1.2%) and Luxembourg (-0.9%).
Annual comparison by main industrial grouping and by Member State
Increases in industrial producer prices in the euro area in July 2022, relative to July 2021, were recorded in the energy sector (+97.2%), intermediate products (+21.6%), non-durable consumer goods (+13.8%), durable consumer goods (+9.8%) and capital goods (+7.9%). Price in total industry excluding energy increased by 15.1%.
Industrial producer prices in the EU increased in the energy sector (+96.2%), the intermediate good sector (+21.7%), the non-durable consumer goods sector (+14.8%), the durable consumer goods sector (+10.3%) and the capital goods sector (+8.1%). Prices in total industry excluding energy increased by 15.7%.
The largest annual increases in all Member states were Romania (+67.4%), Bulgaria (+55.9%) and Denmark (+55.1%).
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