Data also shows that industrial production prices increased across most EU Member States at an annual rate, and the highest increases were recorded in Hungary (68%), Slovakia (59.3%), Latvia (57.9%), Bulgaria (55.5%) and Romania (53.8%). The only exception was Ireland, with a decline of 17.2%.
According to Eurostat, in October 2022, industrial production prices across the EU were impacted mainly by a 67% increase in energy prices, a 17.1% rise in prices of consumer goods and a 10.1% hike in prices of durable goods.