Industrial producer prices in the Euro area decreased by 1.0% in February compared with January, and decreased by 8.3% year-over-year; industrial producer prices in the EU decreased by 0.9% from January and by 8.1% year-over-year: Eurostat

LUXEMBOURG , April 4, 2024 (press release) –

Down by 8.3% in the euro area and by 8.1% in the EU compared with February 2023
Overview
In February 2024, compared with January 2024, industrial producer prices decreased by 1.0% in the euro area and by 0.9% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In January 2024, industrial producer prices fell by 0.9% in both the euro area and the EU.

In February 2024, compared with February 2023, industrial producer prices decreased by 8.3% the euro area and by 8.1% in the EU.

Monthly comparison by main industrial grouping and by Member State
In the euro area in February 2024, compared with January 2024, industrial producer prices

• remained stable for intermediate goods,
• decreased by 3.5% for energy,
• increased by 0.2% for capital goods,
• increased by 0.3% for durable consumer goods,
• increased by 0.2% for non-durable consumer goods.

Prices in total industry excluding energy increased by 0.1%.

In the EU, industrial producer prices

• remained stable for intermediate goods,
• decreased by 3.1% for energy,
• increased by 0.3% for capital goods,
• increased by 0.3% for durable consumer goods,
• increased by 0.2% for non-durable consumer goods.

Prices in total industry excluding energy increased by 0.1%.

The largest monthly decreases in industrial producer prices were recorded in Estonia (-7.2%), Slovakia (-5.6%) and Ireland (-4.2%). The highest increases were observed in Belgium (+1.4%), Luxembourg (+0.8%) and Hungary (+0.7%).

Annual comparison by main industrial grouping and by Member State
In the euro area in February 2024, compared with February 2023, industrial producer prices

• decreased by 5.3% for intermediate goods,
• decreased by 21.1% for energy,
• increased by 2.0% for capital goods,
• increased by 1.1% for durable consumer goods,
• increased by 1.4% for non-durable consumer goods.

Prices in total industry excluding energy decreased by 1.5%.

In the EU, industrial producer prices

• decreased by 5.4% for intermediate goods,
• decreased by 19.6% for energy,
• increased by 2.0% for capital goods,
• increased by 0.4% for durable consumer goods,
• increased by 1.1% for non-durable consumer goods.

Prices in total industry excluding energy decreased by 1.7%.

The largest annual decreases in industrial producer prices were recorded in Slovakia (-25.5%), Ireland (-24.2%) and Italy (-14.2%). Increases were observed in Luxembourg (+17.2%) and Malta (+0.7%).

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