Euro area, EU producer prices up as energy costs surge

Industrial producer prices have increased in November 2025, reversing the modest rise seen in October, according to first estimates from Eurostat. Compared with October, prices rose by 0.5 per cent in the euro area and 0.6 per cent in the EU, largely driven by a strong rebound in energy prices.

On a monthly basis in the euro area, energy prices jumped 1.8 per cent, while intermediate goods rose 0.3 per cent and capital goods edged up 0.1 per cent. Durable consumer goods increased 0.3 per cent, while non-durable consumer goods slipped 0.2 per cent. Excluding energy, total industry prices rose 0.1 per cent. 

In the EU, energy prices increased by a slightly stronger 1.9 per cent, while intermediate goods rose 0.2 per cent and capital goods also edged up 0.1 per cent. Prices for durable consumer goods increased 0.2 per cent, while non-durable consumer goods declined 0.2 per cent. Excluding energy, total industry prices in the EU likewise rose 0.1 per cent.

Ireland posted the highest monthly increase at 4.4 per cent, followed by Sweden at 1.9 per cent, while Slovakia, Cyprus and Spain saw declines, Eurostst said in a release.

On an annual basis, industrial producer prices in the euro area fell 1.7 per cent in November 2025 compared with November 2024, mainly reflecting a sharp 7.4 per cent decline in energy prices. Intermediate goods prices increased 0.4 per cent, while capital goods rose 1.8 per cent. Prices for durable consumer goods increased 2 per cent and non-durable consumer goods rose 1.1 per cent. Excluding energy, total industry prices in the euro area increased 1 per cent.

In contrast, EU producer prices declined by a milder 1.3 per cent year on year, as energy prices fell 6.1 per cent, less sharply than in the euro area. Prices for intermediate goods increased 0.3 per cent, while capital goods and durable consumer goods both rose 1.7 per cent. Non-durable consumer goods prices increased 1.3 per cent. Excluding energy, total industry prices in the EU rose 0.9 per cent.

Across Member States, the largest annual declines were recorded in Luxembourg, Portugal and Ireland, while Bulgaria, Romania and Estonia posted the strongest increases.

ALCHEMPro News Desk (HU)