Producer prices of industrial products in the eurozone and EU increased in September, marking the second consecutive month of growth, reflecting rising energy costs, with Croatia’s increase aligning with the European average, according to Eurostat data.
In the eurozone, producer prices of industrial products in September were up by 0.5 percent compared to August, when they rose by 0.7 percent, according to revised data calculated by Eurostat.
In the EU, prices increased by 0.6 percent, following a 0.5 percent rise in August.
The energy sector was again the main driver of price increases, with prices rising by 2.2 percent in the eurozone and by 2.1 percent in the EU. In August, energy prices increased by 2.5 percent in the eurozone and by 2.3 percent in the EU.
When excluding the energy sector, producer prices in industry fell by 0.1 percent in both areas, a decrease that was half as severe as in August, statisticians calculated.
The most significant increase was recorded in Luxembourg
The most pronounced monthly increase in producer prices of industrial products in September was recorded in Luxembourg, at 28.5 percent. Romania and Bulgaria followed at a considerable distance, with price increases of 2.6 and 2.1 percent, respectively.
In Croatia, producer prices increased by 0.5 percent in September compared to August, when they rose by 0.8 percent. The September growth rate is the lowest in the last four months.
Denmark recorded the same increase in September, while Austria and Slovakia were close with increases of 0.4 and 0.6 percent on a monthly basis.
Conversely, products in the Finnish industry saw the largest decrease, falling by 0.9 percent. Prices also fell only in Poland and Cyprus, by 0.3 percent, and in Germany, by 0.2 percent, as shown in Eurostat tables.
