According to a report released by Eurostat, the Statistical Office of the European Communities, in October this year industrial producer prices increased by 0.1 percent in the euro area and in the European Union member states (EU), month on month. On year-on-year basis, in the given month, industrial producer prices decreased by 0.5 percent in the euro area and by 0.2 percent in the EU.
In October, compared with September, prices in the energy sector increased by 0.1 percent in the euro area and by 0.3 percent in the EU. Prices of capital goods went up by 0.1 percent in both areas, while prices of durable goods increased by 0.1 percent in both the euro area and the EU, month on month. In the same month, prices of non-durable goods decreased by 0.2 percent in the euro area and by 0.3 percent in the EU, while prices of intermediate goods increased by 0.1 percent in both areas, 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 Bulgaria (+4.6%), Ireland (+1.4%) and Estonia (+1.3%), while the largest decreases were observed in Slovakia (-1.0%), Poland (-0.5%) and Italy (-0.4%).
In the given month, compared with October 2024, prices in the energy sector decreased by 3.9 percent in the euro area and by 2.5 percent in the EU. Prices of intermediate goods increased by 0.1 percent in both areas, while prices of durable goods were up by 1.5 percent in both areas, all on year-on-year basis. In the same month, prices of non-durable goods increased by 1.4 percent in the euro area and by 1.5 percent in the EU, year on year. Prices of capital goods rose by 1.7 percent in the euro area and by 1.6 percent in the EU countries, year on year.
Among member states for which data are available, the largest year-on-year increases were recorded in Bulgaria (+17.6%), Romania (+9.4%) and Sweden (+4.9%), while Luxembourg (-5.6%), Ireland (-3.6%) and Austria (-2.6%) posted the biggest declines.