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Next Previous 21.8% increase in producer prices in industry HOME • INSIDER • CYPRUS • 21.8% increase in producer prices in industry in Cyprus
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Producer prices in the industry increased by 37.2% in the eurozone and by 37.0% in April this year, compared to April last year, according to the latest estimates published by Eurostat, the statistical office of the European Union.
READ ALSO: & nbsp; Government: Targeted interventions for economic crisis
Meanwhile in Cyprus, producer prices in industry increased by 21.8% in April this year compared to last April.
Compared to March 2022, there was an increase of 1.2% in the euro area and by 1.3% in the EU. In March, prices had increased by 5.3% in the euro area and by 5.4% in the EU. >
In Cyprus in April there was an increase of 2.2% compared to March. In March, an increase of 3.9% was recorded compared to the previous month.
It is noted that at EU level, the largest increase in producer prices in the industry compared to last year were related to the energy sector.
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By sector compared to last year, producer prices in industry in the euro area increased by 99.2% in the energy sector, by 25.1% for intermediate goods, by 11.2% for non-durable consumer goods, by 8.5 % for durable consumer goods and 7.2% for capital goods. Overall, producer prices in industry, excluding energy, increased by 15.6%.
In the EU over the same period, producer prices in industry increased by 97.2% in the energy sector, by 25.4% for intermediate goods, by 12.0% for non-durable consumer goods, by 9.1% for durable consumer goods and by 7.5% for capital goods. Overall, producer prices in industry, excluding energy, increased by 16.1%.
Producer prices in industry increased in all Member States last year, with the largest increases in Denmark and Ireland (62.3% increase in both countries), Romania (60.4%) and Belgium (52.7%).
By sector, compared to March, producer prices in the euro area increased by 3.8% for intermediate goods, by 2.7% for non-durable consumer goods and by 1.0% for capital goods and durable goods. consumer goods, while falling by 1.2% in energy. Overall, producer prices in industry, excluding energy, increased by 2.6%.
In the EU over the same period, producer prices in industry increased by 3.9% for intermediate goods, by 2% , 8% for non-durable consumer goods and by 1.0% for capital goods and durable consumer goods, while they decreased by 1.1% in the energy sector. Overall, producer prices in industry, excluding energy, increased by 2.7%.
The largest decreases between March and April were recorded in Ireland (decrease of 16.4%), in Romania (3.2 %), Portugal (2.2%) and Italy (0.3%).
The largest increases were recorded in Slovakia (9.3% increase), Luxembourg (6.0%) and Bulgaria (4.1%).
