According to a report released by Eurostat, the Statistical Office of the European Communities, in September this year industrial producer prices went up by 0.5 percent in the euro area and 0.6 percent in the European Union member states (EU), month on month. On year-on-year basis, in the given month, industrial producer prices were down by 12.4 percent in the euro area and by 11.2 percent in the EU.
In September, compared with August, prices in the energy sector were up by 2.2 percent in the euro area and by 2.1 percent in the EU. Prices of capital goods remained stable in the euro area and increased by one percent in the EU, while prices of durable goods stayed stable in both areas, month on month. In the same month, prices of non-durable goods were down 0.2 percent in both areas, while prices of intermediate goods decreased by 0.2 percent in the euro area and 0.1 percent int the EU, all on month-on-month basis.
Among member states for which data are available, the largest month-on-month increases in industrial producer prices were recorded in Luxembourg (+28.5%), Romania (+2.6%) and Bulgaria (+2.1%), while the largest decreases were observed in Finland (-0.9%), Cyprus and Poland (-0.3%) and Germany (-0.2%).
In the given month, compared with September 2022, prices in the energy sector fell by 31.3 percent in the euro area and by 28.5 percent in the EU. Prices of intermediate goods decreased by 4.8 percent in the euro area and 4.7 percent in the EU, while prices of durable goods were up by 4.3 percent in the euro area and by 3.7 percent in the EU, all on year-on-year basis. In the same month, prices of non-durable goods moved up by 5.5 percent in the euro area and 5.4 percent in the EU, year on year. Prices of capital goods rose by 3.9 percent in the euro area and 3.8 percent in the EU, year on year.
Among member states for which data are available, the largest year-on-year increases were recorded in Luxembourg (+23.8%), Hungary (+7.1%) and Slovenia (+3.1%), while Ireland (-38.9%), Bulgaria (-32.0%) and Italy (-18.3%) posted the biggest declines.