Bulgaria is among the countries with the highest growth in industrial prices in July – by 8 percent. Our country occupies the third position after Ireland (+26.1%) and Hungary (+9.4%), while the biggest decline is observed in Portugal (-1.5%), Sweden (-1.2%) and Luxembourg (-0.9%). This is indicated by the data of the European Statistical Office, published today.
EU producer prices rose by 3.7 percent in the EU and by 4 percent in the Eurozone, according to Eurostat. For comparison, a month earlier they jumped by 1.5 and 1.3 percent, respectively.
On an annual basis, producer prices of industrial goods in the euro area increased by 37.9% and by 37.8% – in the EU.
The most significant contribution to the growth of industrial prices per producer in the euro area in July 2022 compared to June 2022 was energy – 9 percent, non-durable consumer goods – by 1.2%, durable consumer goods – by 0.9%, capital goods – by 0.8%, and by 0.1% – intermediate goods. Prices for industry as a whole, excluding energy, rose by 0.6 percent.
In the EU, industrial production prices increased by 8.2% in the energy sector, by 1.1% in non-durable consumer goods, by 0.9% in durable consumer goods, by 0.8% in means of production, and with 0.1% – for products for intermediate consumption. Prices in the entire industry excluding energy increased by 0.6%.
Industrial producer prices in the euro area in July 2022 compared to July 2021 increased by 97.2% through energy, by 21.6% – for intermediate goods, by 13.8% – for non-durable consumer goods, with 9.8% – for consumer durables, and with 7.9% – for capital goods. Prices in the entire industry excluding energy rose by 15.1 percent.
In the EU, producer prices in industry increased by 96.2% in energy, by 21.7% in intermediate goods, by 14.8% in non-durable consumer goods, by 10.3% in durable consumer goods and by 8.1% – for capital goods. Prices in all industry excluding energy increased by 15.7 percent.
Industrial producer prices rose in all Member States, with the highest annual increases recorded in Romania (+67.4%), Bulgaria (+55.9%) and Denmark (+55.1%).