May 4, 2023
In March 2023, industrial producer prices fell by 1.6% in the euro area and by 1.5% in the EU, compared with February 2023, according to estimates from Eurostat, the statistical office of the European Union. In February 2023, prices decreased by 0.4% in the euro area and by 0.6% in the EU.
In March 2023, compared with March 2022, industrial producer prices increased by 5.9% in the euro area and by 7.0% in the EU.
Monthly comparison by main industrial grouping and by Member State
Industrial producer prices in the euro area in March 2023, compared with February 2023, decreased by 4.8% in the energy sector and by 0.4% for intermediate goods, while prices increased by 0.2% for capital goods, by 0.3% for durable consumer goods and by 0.9% for non-durable consumer goods. Prices in total industry excluding energy increased by 0.2%.
In the EU, industrial producer prices decreased by 4.4% in the energy sector and by 0.4% for intermediate goods, while prices increased by 0.2% for both capital goods and durable consumer goods and by 0.8% for non-durable consumer goods. Prices in total industry excluding energy increased by 0.2%.
The largest monthly decreases in industrial producer prices were recorded in Greece (-7.3%), Ireland (-4.6%) and Lithuania (-4.0%), while the highest increases were observed in Cyprus (+2.4%), France (+2.0%) and Croatia (+0.5%).
Annual comparison by main industrial grouping and by Member State
Industrial producer prices in the euro area in March 2023, compared with March 2022, increased by 13.4% for non-durable consumer goods, by 8.2% for durable consumer goods, by 6.7% for capital goods, by 5.8% for intermediate goods and by 0.7% in the energy sector. Prices in total industry excluding energy increased by 8.0%. In the EU, industrial producer prices increased by 13.9% for non-durable consumer goods, by 8.1% for durable consumer goods, by 6.8% for capital goods, by 6.1% for intermediate goods and by 3.0% in the energy sector. Prices in total industry excluding energy increased by 8.3%. The highest annual increases in industrial producer prices were recorded in Hungary (+48.1%), Slovakia (+32.9%) and Latvia (+27.0%). Decreases were observed in Ireland (-29.9%), Greece (-10.8%), Portugal (-3.9%) and Spain (-1.0%).
Source: Eurostat
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