Eurostat reported that in April 2022, producer price increases (industrial inflation) set a new record of 37.2% year-on-year in the Eurozone
Against the backdrop of anti-Russian sanctions, jumps in producer prices in the energy sector amounted to 99.2%. This was a major contributor to record industrial inflation. Producer prices for intermediate goods increased by 25.1%, and for consumer durables by 11.2%.
Industrial inflation by country: 62.3% – Ireland, 62.3% – Denmark,
60.4% – Romania, 52.7% – Belgium, 49.7% – Bulgaria, 49.3% – Slovakia,
Estonia 48.7%, Greece 48.1%, Spain 45.1%, Italy 44.1%, Germany 33.1%, France 27.8%.
Industrial inflation after 3–6 months, as a rule, leads to an increase in final consumer prices.
Earlier it was reported about the beginning of stagflation – a combination of high inflation and a falling economy – in Europe, largely due to anti-Russian sanctions.
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