Eurostat announced August 2023 PPI data
Producer price index data were announced in the EU and Euro Zone in August.
Quick Look
- Eurostat announced the PPI data of the EU and the Euro Zone for August.
- While PPI in the EU increased by 1.9 percent monthly and 8 percent annually; In the Eurozone, it increased by 1.9 percent monthly and 8.2 percent annually.
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Why It Matters
Eurostat regularly announces producer price index data for the EU and the Eurozone.
The European Statistical Office (Eurostat) announced the PPI data of the European Union (EU) and the Euro Zone for August.
According to data, PPI in the EU increased by 1.9 percent in August compared to the previous month and by 8 percent compared to the same month last year.
In the EU Euro Zone, PPI increased by 1.9 percent on a monthly basis and 8.2 percent on an annual basis in August.
The 5.6 percent increase in energy prices was effective in the monthly increase in producer prices in the Eurozone. Producer prices excluding energy in the region increased by 0.2 percent monthly.
Among EU members, PPI increased the most on a monthly basis in August in Bulgaria and Estonia with 3.3 percent, in Italy with 3.1 percent and in Denmark with 3 percent.
While PPI increased by 17.1 percent in Ireland, 16.8 percent in Bulgaria and 14.6 percent in Lithuania on an annual basis in August, it decreased by 7.9 percent in Luxembourg.
Open Questions
- How will PPI rates change next month?
