EU industrial producer prices up 0.4% MoM, down 3% YoY in Oct 2024

Monthly, prices for intermediate goods fell by 0.1 per cent month-over-month (MoM) in both regions, while energy prices rose by 1.4 per cent in the euro area and 1.1 per cent in the EU, compared to September. Prices for capital goods remained stable, while durable and non-durable consumer goods saw increases of 0.3 per cent and 0.2 per cent, respectively, in both areas. Excluding energy, total industry prices remained stable.

Estonia and Italy both at (+1.0 per cent), France (+0.9 per cent), and Sweden (+0.8 per cent) recorded the highest monthly increases, while Bulgaria (-2.9 per cent), Slovakia (-2.0 per cent), and Romania (-1.5 per cent) saw the largest decreases on monthly comparisons.

Annually, energy prices dropped by 11.2 per cent in the euro area and 10.2 per cent in the EU, while prices for intermediate goods fell by 0.5 per cent and 0.6 per cent, respectively. However, prices for capital goods, durable consumer goods, and non-durable consumer goods increased by 1.3 per cent, 0.7 per cent, and 1.8 per cent in the euro area, and by 1.5 per cent, 0.4 per cent, and 1.7 per cent in the EU respectively. Excluding energy, total industry prices rose by 0.8 per cent in the euro area and 0.7 per cent in the EU.

Slovakia (-20.4 per cent), Luxembourg (-6.4 per cent), and France (-5.7 per cent) experienced the largest annual price decreases, while Czechia (+0.8 per cent), Malta (+0.7 per cent), and Sweden (+0.4 per cent) saw the highest increases, while compared annually.

Fibre2Fashion News Desk (SG)