Economic Buzz: Eurozone Producer Prices Fall 2.9% In October

2 Dec 2022 , 04:20 PM

In October 2022, industrial producer prices fell by 2.9% in the euro area and by 2.5% in the EU, compared with September 2022, according to estimates from Eurostat, the statistical office of the European Union. In September 2022, prices increased by 1.6% in the euro area and by 1.4% in the EU. In October 2022, compared with October 2021, industrial producer prices increased by 30.8% in the euro area and by 31.2% in the EU. Industrial producer prices in the euro area in October 2022, compared with September 2022, decreased by 6.9% in the energy sector, while prices increased by 0.2% for intermediate goods, by 0.3% for capital goods, by 0.5% for durable consumer goods and by 1.1% for non-durable consumer goods. Prices in total industry excluding energy increased by 0.5%. In the EU, industrial producer prices decreased by 6.6% in the energy sector, while prices increased by 0.3% for intermediate goods and for capital goods, by 0.5% for durable consumer goods and by 1.2% for non-durable consumer goods. Prices in total industry excluding energy increased by 0.5%. Powered by Commodity Insights