Euro area producer prices up 2.9% in December - Breaking The News

Euro area producer prices up 2.9% in December

3 February

1 min read

EPA/BORIS ROESSLER

The Producer Price Index (PPI) increased 2.9% on a monthly basis in the Eurozone and the European Union in December 2021, according to the latest data by Eurostat. Compared to December 2020, producer prices rose by 26.2% in both the euro area and the EU. The annual average industrial producer prices for the year 2021, compared with 2020, increased by 12.2% in both the euro area and the EU.

The energy sector saw a 7% month-on-month rise in industrial producer prices in the Eurozone and 6.9% in the EU in December. Intermediate goods gained 0.7% in both the euro area and the EU, non-durable consumer goods prices were up by 0.6% and 0.7% respectively. Capital goods increased by 0.3% in both areas, while durable consumer goods gained 0.2% in both areas.

inflation data ppi

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