Energy prices nearly double year-on-year in May both in euro area, EU
Industrial producer prices jumped 36.3% in the euro area and 36.4% in the EU, the bloc’s statistical authority said on Monday
On a monthly basis,prices increased 0.7% in the euro area and 0.8% in the 27-member bloc, Eurostat said in a statement.
The energy was once again the main factor behind the rise in prices, which nearly doubled in both zones compared to a year ago.
“Industrial producer prices in the euro area in May 2022, compared with May 2021, increased by 94.4% in the energy sector, by 25.0% for intermediate goods, by 12.3% for non-durable consumer goods, by 9.1% for durable consumer goods, and by 7.5% for capital goods,” it said.
Eurostat noted a 16.0% increase in overall industry prices excluding energy.