Inflation in the European Union: Euro-area producer prices (PPI) rose 1.1% in June 2022 compared to the previous month, when they rose by 0.5%, according to data from Eurostat. In annual terms, prices jumped 35.8% in the month before last month. In April, the increase in prices in annual terms was the highest in the history of calculating the index (37.2%).

In the EU, producer prices rose 1.3% the month before last, after rising 0.7% in May. In annual terms, prices rose by 36.1%.

Inflation in Europe by country

The biggest monthly increases in producer prices of industrial products were recorded in Ireland (13.2%), Lithuania (5.2%), Latvia, and Finland (4.0%). Decrease was observed in Greece (-3.2%) and Luxembourg (-2.2%).

Producer prices rose in annual terms in all EU countries. The largest increases in producer prices of industrial products were recorded in Romania (61.2%), Denmark (55.5%) and Lithuania (52.5%).