March industrial producer prices up 5.4% in the EU

In March 2022, industrial producer prices rose by 5.3% in the euro area and by 5.4% in the EU, compared with February 2022, according to estimates from Eurostat, the statistical office of the European Union.

In February 2022, prices increased by 1.1% in both the euro area and the EU.

In March 2022, compared with March 2021, industrial producer prices increased by 36.8% in the euro area and by 36.5% in the EU.

Monthly comparison

Industrial producer prices in the euro area in March 2022, compared with February 2022, increased by 11.1% in the energy sector, by 2.8% for intermediate goods, by 2.4% for non-durable consumer goods and by 0.8% for capital goods and durable consumer goods. Prices in total industry excluding energy increased by 2.1%.

In the EU, industrial producer prices increased by 11.6% in the energy sector, by 2.9% for intermediate goods, by 2.6% for non-durable consumer goods and by 1.0% for capital goods and durable consumer goods. Prices in total industry excluding energy increased by 2.3%.

The highest monthly increases in industrial producer prices were recorded in Ireland (+36.1%), Greece (+8.8%) and Portugal (+8.4%).

The only decrease was observed in Slovakia (-1.1%) while in Malta the industrial producer prices remained unchanged.

Annual comparison

Industrial producer prices in the euro area in March 2022, compared with March 2021, increased by 104.1% in the energy sector, by 22.6% for intermediate goods, by 8.7% for non-durable consumer goods, by 7.9% for durable consumer goods and by 6.5% for capital goods.

Prices in total industry excluding energy increased by 13.6%.

In the EU, industrial producer prices increased by 101.3% in the energy sector, by 22.8% for intermediate goods, by 9.5% for non-durable consumer goods, by 8.4% for durable consumer goods and by 6.9% for capital goods. Prices in total industry excluding energy increased by 14.1%.

The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Ireland (+106.1%), Romania (+67.6%) and Denmark (+62.0%).