site.btaBulgaria Reports EU's Second Largest Annual Increase in Producer Prices in December

In December 2024, compared with November 2024, industrial producer prices increased by 0.4% in both the euro area and the EU, according to first estimates from Eurostat, released on Wednesday. In November 2024, industrial producer prices grew by 1.7% in both the euro area and the EU.

In December 2024, compared with December 2023, industrial producer prices remained stable in the euro area and increased by 0.1% in the EU.

The annual average of industrial producer prices for the year 2024, compared with 2023, decreased by 4.2% in the euro area and by 4.0% in the EU.

In December 2024, producer prices in the euro area increased on a monthly basis, rising by 0.1% for intermediate goods, 1.4% for energy, and 0.1% for capital goods. Prices also went up by 0.2% for durable consumer goods and 0.1% for non-durable consumer goods.

Overall, producer prices for the entire industrial sector, excluding energy, remained stable.

In December 2024, the highest monthly increase in producer prices in the industrial sector was recorded in Bulgaria (5.1%), Croatia (2.4%), and Slovakia (1.5%). On the other hand, the largest declines were seen in Ireland (-1.5%), Romania (-1.3%), and the Netherlands (-0.4%).

On an annual basis, comparing December 2024 with December 2023, producer prices in the EU rose by 0.1% for intermediate goods, declined by 1.4% for energy, increased by 1.6% for capital goods, 0.8% for durable consumer goods, and 1.9% for non-durable consumer goods.

Producer prices for the entire industrial sector, excluding energy, increased by 1% in December 2024 compared to the previous month.

In the Eurozone, compared to December 2023, producer prices in the industrial sector rose by 0.1% for intermediate goods, decreased by 1.7% for energy, increased by 1.4% for capital goods, 0.8% for durable consumer goods, and 2% for non-durable consumer goods.

Overall, producer prices for the entire industrial sector, excluding energy, rose by 0.9%.

The highest annual increase in industrial producer prices was recorded in Ireland (11.1%), Bulgaria (6.6%), and Denmark (4.7%). Conversely, the largest declines were observed in Slovakia (-17%), Luxembourg (-4.2%), and France (-3.8%).