Eurozone producer price index growth accelerated in June

According to the report from Eurostat,  in June 2021, industrial producer prices rose by 1.4% in both the euro area and the EU, compared with May 2021. In May 2021, prices increased by 1.3% in the euro area and by 1.4% in the EU. 

In June 2021, compared with June 2020, industrial producer prices increased by 10.2% in the euro area and by 10.3% in the EU. Economists had expected a 10.3% increase in the euro area.

Industrial producer prices in the euro area in June 2021, compared with May 2021, increased by 3.3% in the energy sector, by 1.3% for intermediate goods, by 0.4% for capital goods and by 0.3% for durable and non-durable consumer goods. Prices in total industry excluding energy increased by 0.7%. In the EU, industrial producer prices increased by 3.4% in the energy sector, by 1.4% for intermediate goods, by 0.4% for capital goods and for non-durable consumer goods and by 0.3% for durable consumer goods. Prices in total industry excluding energy increased by 0.8%.

Industrial producer prices in the euro area in June 2021, compared with June 2020, increased by 25.4% in the energy sector, by 10.6% for intermediate goods, by 2.3% for durable and non-durable consumer goods and by 2.0% for capital goods. Prices in total industry excluding energy increased by 5.6%. In the EU, industrial producer prices increased by 24.8% in the energy sector, by 10.9% for intermediate goods, by 2.5% for durable and non-durable consumer goods and by 2.1% for capital goods. Prices in total industry excluding energy increased by 5.9%.