Industrial producer prices in the EU increased by 0.9pc in April 2021 against the preceding month but rose by 7.6pc compared to the same month a year ago, according to Eurostat.
For intermediate goods, the industrial producer prices rose by 1.8pc and by 0.8pc for the energy sector. Industrial prices increased by 0.6pc for non-durable goods, by 0.5pc for durable goods, and by 0.3pc for capital goods in April against the preceding month.
Annually, industrial prices in the EU increased by 20.4pc in the energy sector in April against the year-ago month given the vast decline in activity due to COVID-19 lockdowns. Intermediate goods rose by 7.1pc during the same period while durable goods increased by 2pc, capital goods climbed by 1.3pc, and non-durable goods inched up by 1.1pc.
Annual inflation in the Euro area was estimated at 2pc in May, up from the 1.6pc in April, according to Eurostat. The Euro non-energy industrial goods inflation rose to 0.7pc in May after gaining 0.4pc in April.