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Industrial producer prices up 0.4% MoM in euro area, EU in Dec 2024

06 Feb '25
2 min read
Industrial producer prices up 0.4% MoM in euro area, EU in Dec 2024
Pic: Adobe Stock

Insights

  • Industrial producer prices rose by 0.4 per cent month on month (MoM) in both the euro area and the EU in December 2024, first official estimates show.
  • The same remained stable YoY in the euro area and rose by 0.1 per cent YoY in the EU in the month.
  • The annual average of such prices for 2024 fell by 4.2 per cent YoY in the euro area and by 4 per cent YoY in the EU.
Industrial producer prices increased by 0.4 per cent month on month (MoM) in both the euro area and the European Union (EU) in December last year, according to first estimates from Eurostat, the EU statistical office.

In November last year, such prices grew by 1.7 per cent MoM in both the areas.

The same remained stable year on year (YoY) in the euro area and increased by 0.1 per cent YoY in the EU in December 2024.

The annual average of such prices for 2024 decreased by 4.2 per cent YoY in the euro area and by 4 per cent YoY in the EU.

Prices in total industry excluding energy remained stable MoM in both the areas.

The highest MoM increases in industrial producer prices were recorded in Bulgaria (plus 5.1 per cent), Croatia (plus 2.4 per cent) and Slovakia (plus 1.5 per cent). The largest decreases were observed in Ireland (minus 1.5 per cent), Romania (minus 1.3 per cent) and the Netherlands (minus 0.4 per cent).

Prices in total industry excluding energy increased by 0.9 per cent YoY in the euro area and by 1 per cent YoY in the EU.

The highest annual increases in industrial producer prices were recorded in Ireland (plus 11.1 per cent), Bulgaria (plus 6.6 per cent) and Denmark (plus 4.7 per cent). The largest decreases were observed in Slovakia (minus 17 per cent), Luxembourg (minus 4.2 per cent) and France (minus 3.8 per cent).

Fibre2Fashion News Desk (DS)

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