(Eurostat) Industrial producer prices increased by 1.2% in the euro area in April 2022, compared to a higher gain of 5.3% in March.
In the EU, producer prices increased by 1.3%, which was slower than 5.4% in March.
Producer prices rose by 3.8% in the euro area in the intermediate goods category and were up by 2.7% and 1.0% in non-durable consumer goods and capital goods, respectively. The energy sector saw a 1.2% drop in prices in April.
In the EU, intermediate goods saw a 3.9% increase in producer prices, while non-durable consumer goods and capital goods increased by 2.8% and 1.0%, respectively. Energy saw a 1.1% drop in prices.
The highest monthly declines in producer prices were in Ireland, Romania, Portugal, and Italy. Gains were recorded the highest in Slovakia, Luxembourg, and Bulgaria.
Compared to the prior year, industrial prices surged by 37.2% in the euro area in April and were up by 37.0% in the EU.
EURUSD is up +0.39%, DAX is up +0.74%.
