Eurostat data shows that in November 2022, industrial production prices across the EU were impacted in particular by a 56% advance in energy prices and increases in the prices of consumer goods (17.1%), intermediate goods (15.5%) and durable goods (9.7%).
The most significant increases in the prices of products leaving the factory gates were recorded in Italy (3.3%), Sweden (2.7%) and Ireland (2.4%), and the most significant declines were recorded in Bulgaria (minus 12 .6%), Slovakia (minus 11.6%) and Greece (minus 6%). Romania reported a 1% advance in November 2022 after a 2.6% increase in October 2022.
Industrial production prices in the EU were impacted mostly by energy prices and intermediate goods prices which decreased by 1.9% and 0.4%, respectively, while the prices of durable goods and those of consumer goods went up by 0.2% and 0.6%, respectively.
The change in prices at the factory gates is usually passed on to the end consumers and therefore can be an indicator of the evolution of inflation that the European Central Bank targets through its monetary policy.