Comparison of changes in the industrial producer prices in the EU member states, May 2025
Released: 14 July 2025
Industrial producer prices1 rose by 0.2% in the European Union in May 2025 compared to a year earlier, while they were 0.5% lower than in the previous month.
The prices of industrial products rose the most in Denmark and Bulgaria within the European Union2, by 9.2% and 7.1%, respectively, compared to a year earlier, and the most significant decreases (of 3.0% each) occurred in Lithuania and Portugal. In Hungary, industrial producer prices were up by 6.8% compared to the same period of the previous year, the price rise in Hungary being the third largest in the order of the member states. Out of the other three Visegrád countries, there was a 1.0% decrease in Poland and a price rise of 0.4% in Slovakia, and no datum was available for Czechia. Compared to the previous month, industrial producer prices diminished at a pace exceeding the EU average, by 0.7% in Hungary. Similarly to Hungary, the price level lessened in most of the member states over a month.
Hungary’s industrial domestic output prices were 3.9% higher on average than in the same month of the previous year. Within this, manufacturing products, representing a weight of 63%, cost 3.7% more than in May 2024. Out of the subsections of manufacturing, domestic output prices in food industry – largely influencing food inflation – rose by 7.6%. Prices in Hungary became 3.1% higher in energy and intermediate producer branches together, 3.9% higher in capital goods producer and 6.1% higher in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were up by 8.3% compared to the same month of the previous year, within which by 4.4% in manufacturing, representing a weight of 92%, and by 17% in the energy industry, with a weight of 8.0%.
According to the macro models of Trading Economics3, the rise in industrial producer prices will remain moderate (of below 1.5%) in the European Union in 2025 and slow down quarter by quarter, close to 3% until the end of the year, in Hungary.
Table 1
Changes in industrial producer prices in the member states of the EU, May 2025
Denomination
Monthly average for 2021 = 100.0
Change compared with
previous month
same month of the previous year
%
EU average
120.9
–0.5
0.2
Euro area
119.8
–0.4
0.0
Belgium
117.6
–0.2
0.3
Bulgaria
129.1
–2.1
7.1
Czechia
..
..
..
Denmark
138.7
–1.4
9.2
Germany
122.7
–0.1
–0.2
Estonia
127.0
0.2
0.6
Ireland
104.5
0.7
–1.6
Greece
120.4
–1.5
1.9
Spain
120.1
–0.6
0.2
France
116.6
–0.8
–0.7
Croatia
120.0
–1.1
1.1
Italy
121.2
–0.7
1.7
Cyprus
123.6
0.8
0.0
Latvia
126.5
0.1
0.0
Lithuania
116.3
–0.7
–3.0
Luxembourg
128.3
–0.1
4.3
Hungary
148.2
–0.7
6.8
Malta
107.9
–0.5
–0.4
Netherlands
120.2
–0.7
–0.7
Austria
116.0
–0.3
–0.6
Poland
115.0
–0.2
–1.0
Portugal
115.1
–0.1
–3.0
Romania
146.9
–0.2
0.8
Slovenia
125.8
0.0
1.0
Slovakia
123.1
–0.4
0.4
Finland
114.4
–1.2
–2.1
Sweden
118.0
–0.4
–2.7
Source: Eurostat–Database. Download date: 4 July 2025. No datum was available for Czechia.
Figure 1
Figure 2
Footnotes
-
When publishing industrial producer prices, Eurostat considers total sections B, C and D, as well as water collection, treatment and supply from section E, while HCSO’s methodology covers total section E as well, therefore, data included in Eurostat and HCSO first releases may differ. ↩
-
No datum was available for Czechia. ↩
-
Data from Trading Economics are available following registration. ↩
Released: 14 July 2025
Industrial producer prices1 rose by 0.2% in the European Union in May 2025 compared to a year earlier, while they were 0.5% lower than in the previous month.
The prices of industrial products rose the most in Denmark and Bulgaria within the European Union2, by 9.2% and 7.1%, respectively, compared to a year earlier, and the most significant decreases (of 3.0% each) occurred in Lithuania and Portugal. In Hungary, industrial producer prices were up by 6.8% compared to the same period of the previous year, the price rise in Hungary being the third largest in the order of the member states. Out of the other three Visegrád countries, there was a 1.0% decrease in Poland and a price rise of 0.4% in Slovakia, and no datum was available for Czechia. Compared to the previous month, industrial producer prices diminished at a pace exceeding the EU average, by 0.7% in Hungary. Similarly to Hungary, the price level lessened in most of the member states over a month.
Hungary’s industrial domestic output prices were 3.9% higher on average than in the same month of the previous year. Within this, manufacturing products, representing a weight of 63%, cost 3.7% more than in May 2024. Out of the subsections of manufacturing, domestic output prices in food industry – largely influencing food inflation – rose by 7.6%. Prices in Hungary became 3.1% higher in energy and intermediate producer branches together, 3.9% higher in capital goods producer and 6.1% higher in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were up by 8.3% compared to the same month of the previous year, within which by 4.4% in manufacturing, representing a weight of 92%, and by 17% in the energy industry, with a weight of 8.0%.
According to the macro models of Trading Economics3, the rise in industrial producer prices will remain moderate (of below 1.5%) in the European Union in 2025 and slow down quarter by quarter, close to 3% until the end of the year, in Hungary.
Changes in industrial producer prices in the member states of the EU, May 2025
| Denomination | Monthly average for 2021 = 100.0 | Change compared with | |
|---|---|---|---|
| previous month | same month of the previous year | ||
| % | |||
| EU average | 120.9 | –0.5 | 0.2 |
| Euro area | 119.8 | –0.4 | 0.0 |
| Belgium | 117.6 | –0.2 | 0.3 |
| Bulgaria | 129.1 | –2.1 | 7.1 |
| Czechia | .. | .. | .. |
| Denmark | 138.7 | –1.4 | 9.2 |
| Germany | 122.7 | –0.1 | –0.2 |
| Estonia | 127.0 | 0.2 | 0.6 |
| Ireland | 104.5 | 0.7 | –1.6 |
| Greece | 120.4 | –1.5 | 1.9 |
| Spain | 120.1 | –0.6 | 0.2 |
| France | 116.6 | –0.8 | –0.7 |
| Croatia | 120.0 | –1.1 | 1.1 |
| Italy | 121.2 | –0.7 | 1.7 |
| Cyprus | 123.6 | 0.8 | 0.0 |
| Latvia | 126.5 | 0.1 | 0.0 |
| Lithuania | 116.3 | –0.7 | –3.0 |
| Luxembourg | 128.3 | –0.1 | 4.3 |
| Hungary | 148.2 | –0.7 | 6.8 |
| Malta | 107.9 | –0.5 | –0.4 |
| Netherlands | 120.2 | –0.7 | –0.7 |
| Austria | 116.0 | –0.3 | –0.6 |
| Poland | 115.0 | –0.2 | –1.0 |
| Portugal | 115.1 | –0.1 | –3.0 |
| Romania | 146.9 | –0.2 | 0.8 |
| Slovenia | 125.8 | 0.0 | 1.0 |
| Slovakia | 123.1 | –0.4 | 0.4 |
| Finland | 114.4 | –1.2 | –2.1 |
| Sweden | 118.0 | –0.4 | –2.7 |
Footnotes
-
When publishing industrial producer prices, Eurostat considers total sections B, C and D, as well as water collection, treatment and supply from section E, while HCSO’s methodology covers total section E as well, therefore, data included in Eurostat and HCSO first releases may differ. ↩
-
No datum was available for Czechia. ↩
-
Data from Trading Economics are available following registration. ↩