In the EU and the Eurozone, production inflation, in Bulgaria the largest monthly deflation in June
For our country, Eurostat reports a drop in production prices by 1.0% monthly and by 2.8% annually
Producer prices in both the EU and the euro area in June 2024 rose (so-called producer inflation) by 0.5 percent compared to May, according to the first estimate of the European statistics office Eurostat, published on its website.
In May of this year, the indicator decreased by 0.2 percent in both zones.
On an annual basis - compared to June 2023, production prices in industry have decreased (so-called production deflation) by 3.1 percent in the EU and 3.2 percent in the euro area.
For Bulgaria, Eurostat reports the largest monthly drop in prices (-1.0%) in the EU, and on an annual basis the drop is 2.8 percent (or monthly and annual production deflation) below the average for the EU and the Eurozone.
Monthly comparison by major industrial group and by Member State in June 2024 versus May 2024.
In the Eurozone:
- an increase of 0.1 percent for intermediate goods;
- an increase of 1.6 percent for energy;
- an increase of 0.1 percent for capital goods;
- no change for consumer durables;
- an increase of 0.1 percent for non-durable consumer goods.
In the EU:
- no change for intermediate goods;
- an increase of 1.6 percent for energy;
- an increase of 0.1 percent for capital goods;
- an increase of 0.1 percent for durable consumer goods;
- an increase of 0.1 percent for non-durable consumer goods.
Prices in industry as a whole, excluding energy, rose 0.1 percent.
The highest monthly growth of production prices in industry was recorded in Estonia (+2.2 percent), Spain and Romania (+1.9 percent each) and Greece (+1.8 percent). The biggest decreases are observed in Bulgaria (-1.0 percent), the Czech Republic, France and Finland (-0.3 percent each).
Annual comparison by major industry group and by Member State in June 2024 versus May 2024.
In the Eurozone:
- a decrease of 2.2 percent for intermediate goods;
- a drop of 9.4 percent for energy;
- an increase of 1.6 percent for capital goods;
- an increase of 0.4 percent for durable consumer goods;
- an increase of 1.2 percent for non-durable consumer goods.
Prices in industry as a whole, excluding energy, were down 0.1 percent.
In the EU:
- a decrease of 2.3 percent for intermediate goods;
- a drop of 8.3 percent for energy;
- an increase of 1.7 percent for capital goods;
- an increase of 0.1 percent for durable consumer goods;
- an increase of 1.1 percent for non-durable consumer goods.
Prices in industry as a whole, excluding energy, fell by 0.2 percent.
Slovakia (-19.0 per cent), France (-6.0 per cent) and Poland (-5.7 per cent), Bulgaria (-2.8 per cent) recorded the largest annual decline in production prices in industry. The highest increases were in Luxembourg (+19.1 percent), Portugal (+2.4 percent) and the Czech Republic (+1.0 percent).