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- Eurozone producer price index rose 0.8% in December
Eurozone producer price index rose 0.8% in December
According to the report from Eurostat, in December 2020, industrial producer prices rose by 0.8% in the euro area and by 0.9% in the EU, compared with November 2020. In November 2020, prices increased by 0.4% in both the euro area and the EU. In December 2020, compared with December 2019, industrial producer prices decreased by 1.1% in the euro area and by 1.0% in the EU.
The annual average industrial producer prices for the year 2020, compared with 2019, decreased by 2.6% in the euro area and by 2.4% in the EU.
Industrial producer prices in the euro area in December 2020, compared with November 2020, increased by 2.2% in the energy sector, by 0.4% for intermediate goods and by 0.1% for capital goods and for durable consumer goods, while prices remained stable for non-durable consumer goods. Prices in total industry excluding energy increased by 0.3%.
In the EU, industrial producer prices increased by 2.5% in the energy sector, by 0.5% for intermediate goods and by 0.2% for capital goods, while prices remained stable for durable and for non-durable consumer goods. Prices in total industry excluding energy increased by 0.2%.
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