According to a report released by Eurostat, the Statistical Office of the European Communities, in March this year industrial producer prices went down by 1.6 percent in the euro area and the European Union member states (EU), month on month. On year-on-year basis, in the given month, industrial producer prices increased by 1.9 percent in the euro area and by 2.1 percent in the EU.
In March, compared with February, prices in the energy sector were down by 5.8 percent in the euro area and by 5.5 percent in the EU. Prices of capital goods increased by 0.1 percent in the euro area and remained stable in the EU, while prices of durable goods went up by 0.2 percent in the euro area and by 0.1 percent in the EU countries, month on month. In the same month, prices of non-durable goods increased by 0.5 percent in both areas, while prices of intermediate goods went unchanged in the euro area and increased by 0.1 percent in 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 Greece (+1.3%), Luxembourg (+0.9%) and Slovenia (+0.6%), while the largest decreases were observed in Estonia (-8.0%), Spain (-3.9%), and Italy (-3.3%).
In the given month, compared with March 2024, prices in the energy sector increased by 3.8 percent in the euro area and by 4.1 percent in the EU. Prices of intermediate goods went up by 0.8 percent in the euro area and 0.9 percent in the EU, while prices of durable goods were up by 0.9 percent in the euro area and by one percent in the EU countries, all on year-on-year basis. In the same month, prices of non-durable goods moved up by 1.7 percent in the euro area and by 1.9 percent in the EU, year on year. Prices of capital goods rose by 1.8 percent in the euro area and by 1.7 percent in the EU, year on year.
Among member states for which data are available, the largest year-on-year increases were recorded in Bulgaria (+22.0%), Ireland (+10.6%) and Denmark (+10.2%), while Luxembourg (-4.5%), Portugal (-1.0%) and France and Lithuania (both -0.6%) posted the biggest declines.