Saturday, May 31, 2025

Latest

EU Producer Prices Explode to All-Time High and Surging Energy Costs Bite

For the eighth month in a row, producer prices across Europe continued to skyrocket, largely fuelled by surging energy costs.

Latest data from Eurostat showed industrial producer prices jumped 5.4% month-over-month in March, compared to a 1.1% increase in February. Firms in the euro area, meanwhile, reported a 5.3% rise in prices from the month before. Compared to the same period one year ago, though, the producer price index was up by a staggering 36.5% and 36.8% in the EU and the euro zone, respectively, marking the sharpest and highest increase on the series records.

EU firms in the energy sector reported an 11.6% monthly increase in producer prices, and a jaw-dropping 101.3% increase compared to March 2021. Industrial producer prices for intermediate goods were up 22.8% from one year ago, while non-durable and durable consumer goods rose 9.5% and 8.4%, respectively.

The latest surge in prices comes at an ill time for European consumers, whom are simultaneously battling some of the highest prices on record. Separate data from Eurostat showed annual inflation hit 7.8% for the EU region, and 7.5% for the Euro area in April— the highest on record. Energy prices were the main culprit behind last month’s eye water print, still exploding 38% from April 2021 despite a slight pullback from March’s annual increase of 44.4%.

“The hoped-for slight easing of inflationary pressure, which seemed tangible in view of the fall in petrol prices, once again failed to materialize,” said LBBW bank analyst Elmar Voelker, as cited by Reuters.

Information for this briefing was found via Eurostat and Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Bank of Canada Pauses Rate Hikes

As was forecasted by economists, Bank of Canada Governor Tiff Macklem decided to keep the...

Wednesday, September 6, 2023, 10:01:21 AM

Loblaw’s Report Sees Food Prices Soar Beyond Inflation

Loblaw Companies Ltd. (TSX: L) has published its January Food Inflation report, highlighting persistent challenges...

Tuesday, January 21, 2025, 10:07:00 AM

Walmart Laying Off Corporate Employees Amid Dismal Profit Outlook

America’s bellwether retailer Walmart (NYSE: WMT) is downsizing its workforce, following a less-than-ideal profit outlook...

Friday, August 5, 2022, 10:59:00 AM

October Inflation Jumped 6.9% Thanks to Rising Gasoline Prices, Mortgage Costs

Consumer prices remained historically elevated in October, thanks to ongoing increases in gasoline prices and...

Wednesday, November 16, 2022, 09:24:52 AM

Top Italian Aide Urges ECB to Wipe Out Pandemic Debt in Effort to Help Countries Recover

As the coronavirus crisis continues to decimate the European economy, an increasing number of countries...

Thursday, November 26, 2020, 04:03:13 PM