(Eurostat) Euro area and EU registered a 2.9% gain in industrial producer prices in December, surpassing an increase of 1.8% and 2.8%, respectively, in November.
In the euro area, industrial producer prices rose by 7.0% in the energy sector, 0.7% in the intermediate goods category, and 0.6% in non-durable consumer goods. Capital goods and durable consumer goods saw 0.3% and 0.2% increases in producer prices, respectively.
The producer prices rose at 6.9% in the energy sector in the EU and were up by 0.7% for intermediate goods and non-durable consumer goods. Capital goods posted a 0.3% gain, while durable consumer goods added 0.2%.
Compared to the previous year, the producer prices surged by 26.2% in the euro area and EU.
On an annual average price basis, producer prices rose by 12.2% in 2021 compared to the previous year.
Overall, the highest monthly increases in producer prices were in Ireland at 13.3%, followed by Estonia and Greece at 12.7% and 8.0%, respectively. Czechia saw a 0.1% decline.
EURUSD is down -0.19%, DAX is down -0.41%.
