In September, industrial producer prices rose 41.9% in the eurozone and 41.4% in the European Union (EU) as a whole, compared to the same month of 2021, ‘pulled’ mainly by the sector of the Energy.
The data was published this Friday by the EU’s statistical office, Eurostat, and then reveals that, in the year-on-year variation, industrial production prices increased in September of this year by 41.9% in the single currency and by 41 .4% in the 27 Member States.
According to Eurostat, this is a new all-time high in the statistical series, which began in January 2015.
In the variation of the chain, in September compared to August of this year, growth was more contained, 1.6% in the eurozone and 1.5% in the EU.
In annual terms, in the eurozone, the sharp rise in industrial production prices was mainly due to the energy sector, which with a weight of 108.2%, followed by intermediate goods (19%), non-consumer goods durable (15.2%), durable consumer goods (9.8%) and capital goods (7.6%).
In the EU, there was a similar trend, with energy accounting for 105.3% of these industrial producer prices, followed by intermediate goods (19.1%), non-durable consumer goods (16.5%), durable consumer goods (10.1%) and capital goods. goods (7.9%).
Excluding energy, total industrial prices would have increased by only 14.5% in the eurozone and 15% in the EU in September 2022 compared to the same month in 2021.
By Member State, there were year-on-year increases in all countries, with emphasis on Bulgaria (+78.2%), Hungary (+67.5%) and Romania (+62.9%). In Portugal, the rise was 18.3%.
In terms of the monthly comparison, energy was once again the main component that put pressure on total industrial prices, both in the eurozone (3.3%) and in the EU (2.6%), followed by non-durable goods ( 0.9%). % and 1% respectively), capital and durable consumer goods (0.4% in both regions) and intermediate goods (0.1% in both regions).
Excluding energy, the increase in the chain would have been 0.4%, both in the eurozone and in the EU.
The statistical office adds that, in September this year, the largest monthly increases in industrial producer prices were registered in Bulgaria (+9.2%), Slovakia (+8.9%) and Italy (+3.5 %), while the largest falls were observed in Ireland (-18.9%), Estonia (-3.9%) and Greece (-2.4%). Portugal, on the other hand, had a monthly increase of 0.2%.
Source: TSF
