According to the European Statistical Office – Eurostat, the industrial producer prices increased by 0.1% in both the euro area and the EU28 in October compared to September 2019. In month-on-month terms, prices grew the most in Belgium (+2.3%), the Netherlands (+0.9%), Denmark and Spain (both countries +0.5%), with Greece (-2.0%), Estonia (-0.7%) and Latvia (-0.6%) seeing biggest decreases. Prices in the Czech Republic decreased by 0.3% in that period. Compared to October 2018, industrial producer prices fell by 1.9% in the euro area and 1.6% in the whole EU.
Prepared by the team of foreign office CzechTrade Brussels