Industrial producer prices rose by 2.9% in both the euro area and the EU

In November 2021, prices increased by 1.8% in the euro area and by 2.0% in the EU, according to data released by Eurostat. 

In December 2021, compared with December 2020, industrial producer prices increased by 26.2% in both the euro area and the EU. 

The annual average industrial producer prices for the year 2021, compared with 2020, increased by 12.2% in both the euro area and the EU.

Industrial producer prices in the euro area in December 2021, compared with November 2021, increased by 7.0% in the energy sector, by 0.7% for intermediate goods, by 0.6% for non-durable consumer goods, by 0.3% for capital goods and by 0.2% for durable consumer goods. Prices in total industry excluding energy increased by 0.5%. 

In the EU, industrial producer prices increased by 6.9% in the energy sector, by 0.7% for intermediate goods and for non-durable consumer goods, by 0.3% for capital goods and by 0.2% for durable consumer goods. 

Prices in total industry excluding energy increased by 0.6%. 

The highest monthly increases in industrial producer prices were recorded in Ireland (+13.3%), Estonia (+12.7%) and Greece (+8.0%), while the only decrease was observed in Czechia (-0.1%).

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