According to a report released by Eurostat, the Statistical Office of the European Communities, in November last year industrial producer prices went up by 1.6 percent in the euro area and 1.7 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 1.2 percent in the euro area and by 1.1 percent in the EU.
In November, compared with October, prices in the energy sector were up by 5.4 percent in both areas. Prices of capital goods remained stable in both areas, while prices of durable goods went down by 0.2 percent in the euro area and were unchanged in the EU countries, month on month. In the same month, prices of non-durable goods remained stable in the euro area and increased by 0.2 percent in the EU countries, while prices of intermediate goods fell by 0.1 percent in the euro area and were stable in the EU.
Among member states for which data are available, the largest month-on-month increases in industrial producer prices were recorded in Bulgaria (+4.9%), Ireland (+4.5%) and Sweden (+4.2%), while the largest decreases were observed in Estonia and Cyprus (-1.4%), Slovakia (-0.5%) and Luxembourg (-0.4%).
In the given month, compared with November 2023, prices in the energy sector fell by 5.3 percent in the euro area and by 4.8 percent in the EU. Prices of intermediate goods decreased by 0.3 percent in the euro area and 0.2 percent in the EU countries, while prices of durable goods were up by 0.6 percent in the euro area and by 0.5 percent in the EU, all on year-on-year basis. In the same month, prices of non-durable goods moved up by 1.9 percent in the euro area and the EU, year on year. Prices of capital goods rose by 1.3 percent in the euro area and 1.5 percent in the EU, year on year.
Among member states for which data are available, the largest year-on-year increases were recorded in Ireland (+5.4%) and Denmark and Hungary (both +3.2%) and Portugal (+2.0%), while Slovakia (-18.4%), Luxembourg (-6.6%) and France (-5.2%) posted the biggest declines.