In April 2022, industrial producer prices rose by 37.2% in the euro area and by 37.0% in the EU compared with April 2021, according to estimates from Eurostat, the statistical office of the European Union.
Meanwhile in Cyprus, industrial producer prices increased by 21.8% this April compared to April 2021.
Compared with March 2022, industrial producer prices increased by 1.2% in the euro area and by 1.3% in the EU. In March 2022, prices had increased by 5.3% in the euro area and by 5.4% in the EU.
In Cyprus, industrial producer prices increased by 2.2% in April 2022 compared with March 2022. In March 2022 prices had increased by 3.9% compared to the month before.
On the EU level the largest increases in industrial producer prices compared to last year were recorded in the energy sector.
Industrial producer prices by sector, compared with April 2021, increased by 99.2% in the energy sector, by 25.1% for intermediate goods, by 11.2% for non-durable consumer goods, by 8.5% for durable consumer goods and by 7.2% for capital goods. Prices in total industry excluding energy increased by 15.6%.
In the EU, industrial producer prices increased by 97.2% in the energy sector, by 25.4% for intermediate goods, by 12.0% for non-durable consumer goods, by 9.1% for durable consumer goods and by 7.5% for capital goods. Prices in total industry excluding energy increased by 16.1%.
The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Denmark and Ireland (both +62.3%), Romania (+60.4%) and Belgium (+52.7%).
Industrial producer prices by sector, compared with March 2022, increased by 3.8% for intermediate goods, by 2.7% for non-durable consumer goods and by 1.0% for capital goods and durable consumer goods, while they decreased by 1.2% in the energy sector. Prices in total industry excluding energy increased by 2.6%.
In the EU, industrial producer prices increased by 3.9% for intermediate goods, by 2.8% for non-durable consumer goods and by 1.0% for capital goods and durable consumer goods, while they decreased by 1.1% in the energy sector. Prices in total industry excluding energy increased by 2.7%.
The highest monthly decreases in industrial producer prices were recorded in Ireland (16.4%), Romania (3.2%), Portugal (-2.2%) and Italy (-0.3%).
The highest increases were observed in Slovakia (+9.3%), Luxembourg (+6.0%) and Bulgaria (+4.1%).
Source: Cyprus News Agency