Pic: Shutterstock/Alexey Lesik
In February 2023, prices decreased by 0.4 per cent in the euro area and by 0.6 per cent in the EU, according to estimates from Eurostat, the statistical office of the EU.
Industrial producer prices in the euro area in March 2023, compared with February 2023, decreased by 4.8 per cent in the energy sector and by 0.4 per cent for intermediate goods, while prices increased by 0.3 per cent for durable consumer goods and by 0.9 per cent for non-durable consumer goods.
In the EU, industrial producer prices decreased by 4.4 per cent in the energy sector and by 0.4 per cent for intermediate goods, while prices increased by 0.2 per cent for durable consumer goods and by 0.8 per cent for non-durable consumer goods. Prices in total industry excluding energy increased by 0.2 per cent.
The largest monthly decreases in industrial producer prices were recorded in Greece at -7.3 per cent, Ireland at -4.6 per cent, and Lithuania at -4.0 per cent, while the highest increases were observed in Cyprus at 2.4 per cent, France at 2.0 per cent, and Croatia at 0.5 per cent.
Industrial producer prices in the euro area in March 2023, compared with March 2022, increased by 13.4 per cent for non-durable consumer goods, by 8.2 per cent for durable consumer goods, by 5.8 per cent for intermediate goods, and by 0.7 per cent in the energy sector. Prices in total industry excluding energy increased by 8.0 per cent.
In the EU, industrial producer prices increased by 13.9 per cent for non-durable consumer goods, by 8.1 per cent for durable consumer goods, by 6.1 per cent for intermediate goods, and by 3.0 per cent in the energy sector.
Prices in total industry excluding energy increased by 8.3 per cent. The highest annual increases in industrial producer prices were recorded in Hungary at 48.1 per cent, Slovakia at 32.9 per cent, and Latvia at 27.0 per cent. Decreases were observed in Ireland at -29.9 per cent, Greece at -10.8 per cent, Portugal at -3.9 per cent, and Spain at -1.0 per cent.
Fibre2Fashion News Desk (NB)