According to a report released by Eurostat, the Statistical Office of the European Communities, in June this year industrial producer prices declined by 0.4 percent both in the euro area and in the European Union member states (EU), month on month. On year-on-year basis, in the given month, industrial producer prices were down by 3.4 percent in the euro area and by 2.4 percent in the EU.
In June, compared with May, prices in the energy sector were down by 0.5 percent in the euro area and by 0.4 percent in the EU. Prices of capital goods increased by 0.1 percent in both areas, while prices of durable goods remained stable in the euro area and decreased by 0.1 percent in the EU, month on month. In the same month, prices of non-durable goods remained stale in the euro area and decreased by 0.1 percent in the EU, while prices of intermediate goods decreased by 0.7 percent in the euro area and by 0.8 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 (+4%), Croatia (+1.3%) and Sweden (+1.2%), while the largest decreases were observed in Hungary (-2.5%), Bulgaria and Latvia (both -2.4%), and Belgium (-2.2%).
In the given month, compared with June 2022, prices in the energy sector fell by 16.5 percent in the euro area and by 14 percent in the EU. Prices of intermediate goods decreased by 2.7 percent in both regions, while prices of durable goods were up by 5.9 percent in the euro area and by 5.5 percent in the EU, all on year-on-year basis. In the same month, prices of non-durable goods moved up by 8.9 percent in the euro area and by nine percent in the EU, year on year. Prices of capital goods rose by 5.2 percent in the euro area and by 5.1 percent in the EU, year on year.
Among member states for which data are available, the largest year-on-year increases were recorded in Hungary (+29.5%), Slovakia (+18.2%) and Slovenia (+7.4%).