Industrial producer prices in the European Union and euro area fell in November 2022 for the second month in a row, reflecting price decreases in the energy sector, according to data from the EU statistical office Eurostat. Pročitaj više

Monthly comparison

Industrial producer prices in the EU and euro area fell by 0.9% in November 2022 compared with October 2022, when they had declined by a revised 2.6% in the EU and by 3.0% in the euro area.

Energy prices decreased for the second consecutive month, albeit less than in October.

In the EU, industrial producer prices in November 2022 fell by 1.9% from October 2022, when they had decreased by 6.9%, while in the euro area they declined by 2.2% from October, when they had contracted by 7.4%. Prices of intermediate goods fell by 0.4% in both regions, following a 0.2% rise in the previous month.

Producer prices went up in all other main industrial groupings, albeit at a lower rate than in the previous months.

Prices of non-durable consumer goods increased the most, by 0.6% both in the EU and in the euro area. Prices in total industry excluding energy rose by 0.1% from October, when they had increased by 0.5%.

Annual comparison

In November 2022 compared with November 2021, industrial producer prices increased b 27.4% in the EU and by 27.1% in the euro area, following a revised increase of 31.0% in October 2022.

In November 2022, energy prices increased the most, by around 56% in both regions. In October 2022, compared with October 2021, they went up by 66.3% in the EU and by 64.9% in the euro area.

In November 2022, prices of non-durable consumer goods rose by 17.1% in the EU and by 16.0% in the euro area, the same as in October. Prices of intermediate goods increased by about 15.5% in both regions. Prices of capital goods increased the least, by 7.7% in the EU and by 7.6% in the euro area.

Year on year, prices in total industry excluding energy went up by 13.6% in the EU and by 13.1% in the euro area.

Croatia alongside Slovenia and Bulgaria

Nearly all EU member states recorded two-digit increases in industrial producer prices in November 2022 compared with November 2021, with the exception of Malta where they rose by 7.7%.

The highest annual increases were observed in Hungary (+63.5%), Latvia (+51.2%) and Romania (+44.8%), while the only decrease was recorded in Ireland (-13.0%).

In Croatia, industrial producer prices in November 2022 were 24.2% higher than in November 2021. In October 2022, they went up by 23.7% year on year.

Closest to Croatia were Slovenia and Romania, with annual price increases of 23.2% and 25.3% respectively.