Eurostat: Industrial producer prices up by 0.6% in the euro area and by 0.4% in the EU

Overview   In August 2024, compared with July 2024, industrial producer prices increased by 0.6% in the euro area and by 0.4% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In July 2024, industrial producer prices grew by 0.7% in the euro area and by 0.8% in the EU.   In August 2024, compared with August 2023, industrial producer prices decreased by 2.3% the euro area and by 2.1% in the EU.   Monthly comparison by main industrial grouping and by Member State   In the euro area in August 2024, compared with July 2024, industrial producer prices decreased by 0.1% for intermediate goods, increased by 1.9% for energy, increased by 0.1% for capital goods, remained stable for durable consumer goods, remained stable for non-durable consumer goods. Prices in total industry excluding energy decreased by 0.1%. In the EU, industrial producer prices decreased by 0.1% for intermediate goods, increased by 1.1% for energy, increased by 0.2% for capital goods, decreased by 0.1% for durable consumer goods, increased by 0.1% for non-durable consumer goods. Prices in total industry excluding energy remained stable.   The highest monthly increases in industrial producer prices were recorded in Estonia (+2.2%), Greece (+1.7%) and Spain (+1.5%). The largest decreases were observed in Ireland (-3.8%), Lithuania (-1.7%) and Romania (-1.6%).   Annual comparison by main industrial grouping and by Member State   In the euro area in August 2024, compared with August 2023, industrial producer prices decreased by 0.8% for intermediate goods, decreased by 7.7% for energy, increased by 1.4% for capital goods, increased by 0.3% for durable consumer goods, increased by 1.1% for non-durable consumer goods.   Prices in total industry excluding energy increased by 0.3%. In the EU, industrial producer prices decreased by 0.8% for intermediate goods, decreased by 7.0% for energy, increased by 1.7% for capital goods, increased by 0.1% for durable consumer goods, increased by 1.0% for non-durable consumer goods.   Prices in total industry excluding energy increased by 0.4%. The largest annual decreases in industrial producer prices were recorded in Slovakia (-18.3%), Luxembourg (-6.9%) and France (-6.3%). The highest increases were observed in Romania (+2.8%), Bulgaria and Portugal (both +1.9%) and Estonia (+1.7%).