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EU & euro area experience mixed industrial price trends in Aug 2023

05 Oct '23
3 min read
Pic: Shutterstock/Kaspars V
Pic: Shutterstock/Kaspars V

Insights

  • In August 2023, industrial producer prices in the euro area and EU dropped by **.*% YoY and **.*% YoY respectively, as per an estimate.
  • Annually, the energy sector's prices sharply decreased by **.*% in the euro area and **.*% in the EU.
  • Prices for non-durable consumer goods remained stable.

Industrial producer prices in the euro area in August ****, compared with July ****, increased by *.* per cent in the energy sector, while prices remained stable for non-durable consumer goods, and prices decreased by *.* per cent for durable consumer goods and by *.* per cent for intermediate goods. Prices in total industry excluding energy decreased by *.* per cent, according to estimates from Eurostat, the statistical office of the EU.

In the EU, industrial producer prices increased by *.* per cent in the energy sector, while prices remained stable for durable consumer goods and for non-durable consumer goods, and prices decreased by *.* per cent for intermediate goods. Prices in total industry excluding energy decreased by *.* per cent.

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