Yearly producer costs rise 31.2 percent in EU, 30.8 percent ...| MENAFN.COM

Friday, 27 January 2023 03:28 GMT

Yearly producer costs rise 31.2 percent in EU, 30.8 percent in eurozone in October


(MENAFN) Annual producer prices saw a surge of 30.8 percent in the euro area as well as 31.2 percent in the EU two months ago (October).

The month on month alterations were at negative 2.9 percent as well as negative 2.5 percent in the eurozone and the EU, individually in that order, as shown by Eurostat data issued on Friday.

On a year on year basis, the peakiest alterations were witnessed in the energy field with 65.8 percent, shadowed by intermediate goods in addition to non-durable consumer goods with 17.4 percent, and 16 percent, individually in that order, in the euro area.

In the EU, energy costs jumped by 67 percent, intermediate goods prices by 17.6 percent as well as non-durable consumer goods costs by 17.1 percent.

"The highest year on year increases in industrial producer prices were recorded in Hungary (68.0 percent), Slovakia (59.3 percent) and Latvia (57.9 percent)," whereas the only fall was witnessed in Ireland with negative 17.2 percent.

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