Czechia reported the biggest annual increase in industrial producer prices in the EU in October 2024, reporting a 0.8% increase, according to new data from Eurostat.
Few EU countries saw industrial producer prices rise, year-on-year, in the period, the data showed – Malta reported a 0.7% increase, Sweden saw prices up 0.4%, and Denmark and Portugal both saw prices rise 0.3%.
All other EU countries reported a decline, with the most pronounced drop seen in Slovakia (-20.4%), followed by Luxembourg (-6.4%) and France (-5.7%). No data was available for Ireland.
European prices decline
On an annual basis, industrial producer prices declined by 3.0% in the EU, and by 3.2% in the euro area.
On a segment-by-segment basis, intermediate goods prices decreased by 0.6% in the EU, while energy prices dropped by 10.2%, capital goods increased by 1.5%, durable consumer goods rose by 0.4%, and non-durable consumer goods increased by 1.7%. Excluding energy, prices in the total industry increased by 0.7%.
On a month-on-month basis, however, industrial producer prices were up 0.4% in both the EU and euro area, reversing a 0.6% decline seen the previous month.
The largest monthly price increases were seen in Estonia and Italy (both +1.0%), France (+0.9%), and Sweden (+0.8%), while the largest decreases were reported in Bulgaria (-2.9%), Slovakia (-2.0%), and Romania (-1.5%). Read more here.
Industrial producer price increase/decrease by EU country, October 2024 (%)
| Country | Change (%) |
|---|---|
| Czechia | 0.8 |
| Malta | 0.7 |
| Sweden | 0.4 |
| Denmark | 0.3 |
| Portugal | 0.3 |
| Greece | -0.2 |
| Cyprus | -0.7 |
| Hungary | -0.7 |
| Belgium | -1.2 |
| Germany | -1.2 |
| Estonia | -1.2 |
| Slovenia | -2.5 |
| Netherlands | -2.6 |
| Finland | -2.6 |
| Bulgaria | -3.1 |
| Italy | -3.8 |
| Spain | -3.9 |
| Lithuania | -4.5 |
| Latvia | -4.7 |
| Croatia | -4.8 |
| Austria | -4.8 |
| Poland | -5.1 |
| Romania | -5.1 |
| France | -5.7 |
| Luxembourg | -6.4 |
| Slovakia | -20.4 |
