Industrial producer prices up 16.4% in EU

ISTANBUL

Industrial producer prices increased by 16.4% in the EU year-on-year in January, Eurostat revealed on Friday.

The prices rose by 24.2% in the energy sector, 16.4% for non-durable consumer goods, 11.8% for intermediate goods, 9.3% for durable consumer goods and 7.5% for capital goods.

The highest annual increases were seen in Hungary (64.6%), Latvia (38.8%) and Slovakia (34.5%), while the only decrease was observed in Ireland (-7.2%).

Official figures also showed that the producer price index was up by 15% in the euro area over the same period.