According to the report from Eurostat, in October 2020, industrial producer prices rose by 0.4% in the euro area and by 0.3% in the EU, compared with September 2020. Economists had expected a 0.2% increase in the euro area. In September 2020, prices increased by 0.4% in the euro area and by 0.3% in the EU.

In October 2020, compared with October 2019, industrial producer prices decreased by 2.0% in both the euro area and the EU.

Industrial producer prices in the euro area in October 2020, compared with September 2020, increased by 1.4% in the energy sector and by 0.1% for intermediate goods, capital goods and non-durable consumer goods, while prices remained stable for durable consumer goods. Prices in total industry excluding energy increased by 0.1%.

In the EU, industrial producer prices increased by 0.8% in the energy sector, by 0.2% for intermediate goods and by 0.1% for capital goods and non-durable consumer goods, while prices remained stable for durable consumer goods. Prices in total industry excluding energy increased by 0.1%.