Euro area industrial producer prices up 2.3 percent in July from June

Friday, 03 September 2021 11:14:15 (GMT+3)   |   Istanbul
       

According to a report released by Eurostat, the Statistical Office of the European Communities, in July this year industrial producer prices increased by 2.3 percent in the euro area and by 2.2 percent in the European Union member states (EU), month on month. On year-on-year basis, in July this year industrial producer prices were up by 12.1 percent in the euro area and by 12.2 percent in the EU.

In July, compared with June, prices in the energy sector were up by 5.7 percent in the euro area and by 5.3 percent in the EU. Prices of capital goods increased by 0.5 percent in the euro area and by 0.6 percent in the EU, while prices of durable goods increased by 0.7 percent both in the euro area and the EU, month on month. In the same month, prices of non-durable goods increased by 0.1 percent both in the euro area and the EU, while prices of intermediate goods rose by 1.9 percent in the euro area and by 2.1 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 Ireland (+20.6%), Estonia (+6.4%), and Belgium (+4.2%), while the industrial producer prices remained stable in Malta.

In July this year, compared with July 2020, prices in the energy sector rose by 28.9 percent in the euro area and by 28.3 percent in the EU. Prices of intermediate goods increased by 12.6 percent in the euro area and were up by 13.1 percent in the EU, while prices of durable goods were up by 2.7 percent in the euro area and by 3.1 percent in the EU, all on year-on-year basis. In the same month, prices of non-durable goods increased by 2.6 percent in the euro area and by 2.7 percent in the EU, year on year. Prices of capital goods rose by 2.5 percent in the euro area and by 2.7 percent in the EU, year on year.

Among member states for which data are available, the largest increases were observed in Ireland (+67.7%), Estonia (+23.5%) and Belgium (+23.0%).


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