Industrial producer prices in both the EU and eurozone recorded notable increases in November, rising 1.7% and 1.6%, respectively, compared to October, according to Eurostat data released Wednesday.
In the EU, the industrial price index climbed from 126.1 in October to 128.2 in November, while the eurozone index advanced from 124.7 to 126.7. The primary driver of this growth was energy goods, which saw a sharp rise of 5.4% in both regions.
Meanwhile, the prices for capital goods remained steady in both the EU and the euro area.
Among member states, Bulgaria experienced the most significant monthly rise in industrial producer prices at 4.9%, while Estonia and Greek Cyprus reported the largest declines, with prices dropping 1.4% each.
On an annual basis, however, industrial producer prices fell by 1.1% in the EU and 1.2% in the eurozone in November. Slovakia experienced the steepest yearly drop at 18.4%, while Ireland recorded a notable annual increase of 5.4%.
The report highlights the diverging trends across the bloc, reflecting varying national dynamics.
For reference, the eurozone (EA20) comprises member states using the euro as their currency, while the EU27 includes all European Union countries.
The data underscores the influence of energy prices on industrial production costs, amid fluctuating global market conditions and economic pressures across the region.
NEWS DESK
PRESS UPDATE