Energy sector led the way up 3.3% followed by intermediate goods with 1.3% and capital goods, up 0.4%

The prices of industrial producer goods rose by 1.4 per cent in the European Union (EU) and the Euro area in June compared with May 2021.

According to Eurostat in comparison to May 2021, industrial producer prices in the Euro area in June 2021 rose by 3.3 per cent in the energy sector, by 1.3 per cent for intermediate goods, by 0.4 per cent for capital goods and by 0.3 per cent for durable and non-durable consumer goods. Notably, prices in total industry excluding energy increased by 0.7 per cent.

Additional in the EU industrial producer prices rose by “3.4 per cent in the energy sector, by 1.4 per cent for intermediate goods, by 0.4 per cent for capital goods and for non-durable consumer goods and by 0.3 per cent for durable consumer goods. Prices in total industry excluding energy increased by 0.8 per cent,” reports Eurostat.

The member states that recorded the highest increase in industrial producer prices are Denmark (+5.1 per cent), Estonia (+4.6 per cent) and Latvia (+3.1 per cent). Ireland on the other hand recorded a decrease of 0.3 per cent.

Annual comparison by main industrial grouping and by member state

In comparison to June 2020, industrial producer prices in the Euro area in June 2021 rose by 25.4 per cent in the energy sector, by 10.6 per cent for intermediate goods, by 2.3 per cent for non-durable consumer goods and by 2.0 per cent for capital goods. Notably, prices in total industry excluding energy increased by 5.6 per cent.

Additional in the EU industrial producer prices rose by 24.8 per cent in the energy sector, by 10.9 per cent for intermediate goods, by 2.5 per cent for durable and non-durable consumer goods and by 2.1 per cent for capital goods.

Prices in total industry, excluding energy jumped by 5.9 per cent. The member states that recorded the highest increase in industrial producer prices are Ireland (+42.5 per cent), Belgium (+20.7 per cent) and Denmark (+19.1 per cent).