Industrial producer prices in both the Euro Area and the European Union saw a notable increase of 1.8% in January 2025 compared to the same month in 2024, marking a significant rise in production costs. On a month-to-month basis, prices also grew by 0.8%, continuing the upward trend from December 2024.
The data, released by Eurostat, reveals varied price changes across different sectors. In the Euro Area, energy prices saw the highest increase at 1.7%, followed by durable consumer goods (0.6%), intermediate goods (0.3%), and non-durable consumer goods (0.2%). In the EU, the price increases mirrored those of the Euro Area, with energy rising by 1.8%, and other sectors seeing more modest increases.
Among EU Member States, Ireland, Bulgaria, and Sweden reported the highest monthly increases in industrial producer prices, with Ireland leading the pack at 6.2%, followed by Bulgaria at 5.4%, and Sweden at 2.3%. Conversely, Portugal experienced the largest drop in prices, with a 2.2% decrease, while Austria, Slovenia, and Cyprus also recorded declines.
Looking at annual figures, Ireland and Bulgaria saw the largest increases, with prices rising by 14.9% and 14.4%, respectively. On the other hand, Lithuania, Luxembourg, and Estonia experienced significant annual decreases, with Lithuania’s prices falling by 5.3%.
Overall, the rise in industrial producer prices is reflective of increasing production costs in the Euro Area and EU, particularly within energy and manufacturing sectors.
