Prices at factory gates across the eurozone increased by 1.8% month-on-month and rose by 23.7% YoY.
- The energy crunch was the main factor responsible for the surge in prices, with energy prices accelerating by 66% over the last few years.
- Prices in total industry excluding energy surged by 9.8% YoY in November. Intermediate goods rose by 18.3%, followed by a 4.7% increase in durable goods, 4.4% for capital goods, and a 3.8% increase for non-durable consumer goods.
- The highest annual increases in industrial producer prices were posted in Ireland (+87.9%), Denmark (+51.7%), and Romania (+40.4%).
- On monthly basis, producer prices in the energy sector increased by 3.5%, followed by 1.5% for intermediate goods, 0.6% for durable consumer goods, and 0.4% for capital goods.
Denmark posted the highest monthly increases in factory gate prices, followed by Bulgaria (+8.5%) and Romania (+7.3%). Only Ireland posted a decrease (-2.5%).
Euro Stoxx 50 down -1.29%, EUR USD up +0.02%
Source: Eurostat
