Product prices rose by 1.8% in the euro area and by 2% in the European Union in November compared to the previous month, with Denmark, Bulgaria and Romania being the EU member states with the highest rates, according to data released by the European Statistical Office (Eurostat) on Thursday.

All states reported annual increases in industrial production prices in November, the most significant being in Ireland (87.9%), Denmark (51.7%) and Romania (40.4%).

In October, industrial production prices rose by 5.4% in the euro area and by 5% in the European Union compared to the previous month.

In the EU, industrial production prices rose by 4.5% in November in the energy sector, by 1.5% for intermediate goods, by 0.6% for durable goods and by 0.4% for capital goods.

In November, industrial production prices rose in all EU member states except Ireland, where they fell by 2.5%, according to Agerpres.

The highest increases in industrial production prices in the EU in November compared to the previous month were in Denmark (10.3%), Bulgaria (8.5%) and Romania (7.3%).

According to Eurostat data, industrial production prices rose by 23.7% in the euro area and the EU in November compared to the same period in 2020.

In the EU, industrial production prices rose in November by 64.9% in the energy sector, by 18.6% for intermediate goods, by 5.2% for durable goods, by 4.6% for capital goods.