Industrial producer prices in both the Eurozone and the European Union surged in October, led mainly by the hike in energy prices during the month.
- Industrial prices climbed for the third straight month in the two areas in October, up by 5.4% in the Euro area and 5.0% in the European Union when compared with the previous month.
- Compared with the same month in 2020, industrial prices in the Eurozone surged by 21.9%, and those in the European Union soared by 21.7%, as energy prices increased by 62.5%.
- The highest monthly increases during the month were in Belgium, Italy, and Romania, while decreases were recorded in Estonia, Luxembourg, and Sweden. Yearly increases were seen in all member states, with the highest in Ireland, Denmark, and Belgium.
Monthly increases were also seen in the energy sector, which was up 14.9%.
EZU is up 0.55%, while VGK is up 0.68%.