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Eurostat: Industrial producer prices up by 0.6% in the euro area and by 0.4% in the EU
Overview
In August 2024, compared with July 2024, industrial producer prices increased by 0.6% in the euro area and by 0.4% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In July 2024, industrial producer prices grew by 0.7% in the euro area and by 0.8% in the EU.
In August 2024, compared with August 2023, industrial producer prices decreased by 2.3% the euro area and by 2.1% in the EU.
Monthly comparison by main industrial grouping and by Member State
In the euro area in August 2024, compared with July 2024, industrial producer prices
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decreased by 0.1% for intermediate goods,
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increased by 1.9% for energy,
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increased by 0.1% for capital goods,
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remained stable for durable consumer goods,
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remained stable for non-durable consumer goods.
Prices in total industry excluding energy decreased by 0.1%.
In the EU, industrial producer prices
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decreased by 0.1% for intermediate goods,
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increased by 1.1% for energy,
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increased by 0.2% for capital goods,
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decreased by 0.1% for durable consumer goods,
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increased by 0.1% for non-durable consumer goods.
Prices in total industry excluding energy remained stable.
The highest monthly increases in industrial producer prices were recorded in Estonia (+2.2%), Greece (+1.7%) and Spain (+1.5%). The largest decreases were observed in Ireland (-3.8%), Lithuania (-1.7%) and Romania (-1.6%).
Annual comparison by main industrial grouping and by Member State
In the euro area in August 2024, compared with August 2023, industrial producer prices
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decreased by 0.8% for intermediate goods,
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decreased by 7.7% for energy,
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increased by 1.4% for capital goods,
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increased by 0.3% for durable consumer goods,
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increased by 1.1% for non-durable consumer goods.
Prices in total industry excluding energy increased by 0.3%.
In the EU, industrial producer prices
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decreased by 0.8% for intermediate goods,
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decreased by 7.0% for energy,
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increased by 1.7% for capital goods,
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increased by 0.1% for durable consumer goods,
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increased by 1.0% for non-durable consumer goods.
Prices in total industry excluding energy increased by 0.4%.
The largest annual decreases in industrial producer prices were recorded in Slovakia (-18.3%), Luxembourg (-6.9%) and France (-6.3%). The highest increases were observed in Romania (+2.8%), Bulgaria and Portugal (both +1.9%) and Estonia (+1.7%).