Ireland reported the biggest annual increase in industrial producer prices in the European Union in November 2024, with a 5.4% increase, data from Eurostat has shown.
Other countries to report a notable increase in industrial producer prices included Denmark (+3.2%), Hungary (+3.2%), Portugal (+2.0%) and Czechia (+1.7%).
At the other end of the scale, industrial producer prices were 18.4% lower in Slovakia, as well as being 6.6% lower in Luxembourg, 5.2% lower in France and 5.1% lower in Croatia.
European Union
Overall, in the European Union, industrial producer prices on the domestic market were down 1.1% in November on an annual basis, compared to a 3.1% decline in October and a 3.3% decline in September.
In the euro area specifically, industrial producer prices were down 1.2% compared to the same month the previous year.
Sectoral trends
Different trends were observed across different sectors, according to the data – on an annual basis, prices for intermediate goods decreased by 0.2%, while energy prices saw a drop of 4.8%.
In contrast, there were price increases in other categories: capital goods rose by 1.5%, durable consumer goods by 0.5%, and non-durable consumer goods by 1.9%. Overall, prices in total industry, excluding energy, experienced an increase of 0.9%.
Note that data for Spain, Malta, Italy, Netherlands, Cyprus, Lithuania, Austria and France is provisional. No data is available for Romania. Read more here.
Industrial producer price increases/decreases, November 2024 (%)
| Country | Price Change (%) |
|---|---|
| Ireland | 5.4 |
| Denmark | 3.2 |
| Hungary | 3.2 |
| Portugal | 2.0 |
| Czechia | 1.7 |
| Bulgaria | 1.0 |
| Spain | 0.9 |
| Belgium | 0.6 |
| Malta | 0.6 |
| Sweden | 0.6 |
| Greece | 0.2 |
| Germany | 0.0 |
| Italy | -0.7 |
| Slovenia | -0.8 |
| Netherlands | -1.1 |
| Cyprus | -2.0 |
| Lithuania | -2.4 |
| Finland | -2.4 |
| Estonia | -2.6 |
| Poland | -4.3 |
| Austria | -4.5 |
| Latvia | -5.0 |
| Croatia | -5.1 |
| France | -5.2 |
| Luxembourg | -6.6 |
| Slovakia | -18.4 |
