In June 2024, Serbia saw a slight increase of 0.4% in the prices of industrial products compared to the same month last year, according to the Republic Bureau of Statistics (RZS).
Prices for energy production rose significantly by 5.3%, while the cost of producing capital goods increased by 5%. Conversely, the production of intermediate goods became cheaper, with prices dropping by 2.5%. Notably, the most substantial price increase was in the oil and gas extraction sector, which saw a surge of 30.8%.
In terms of specific product categories, prices remained stable for chemical agents used in agriculture and textiles. However, prices in the metal production sector fell by 9.1%, and wood processing, along with products made from wood, cork, straw, and wicker (excluding furniture), saw a decrease of 9.2%.
Across Europe, industrial producer prices also experienced changes in June 2024. According to preliminary data from Eurostat, the prices of industrial producers rose by 0.5% in both the Eurozone and the EU compared to May 2024. This follows a 0.2% decrease in May 2024.
Year-on-year comparisons reveal a decline in industrial producer prices: down by 3.2% in the Eurozone and by 3.1% in the EU from June 2023. In the Eurozone, specific changes included a 2.2% decrease in prices for intermediate goods, a 9.4% drop in energy prices, a 1.6% increase for capital goods, a 0.4% rise for durable consumer goods, and a 1.2% increase for non-durable consumer goods. Overall, excluding energy, prices in the total industry fell by 0.1%.
Among EU countries, Slovakia recorded the largest annual decline in producer prices at -19.0%, followed by France at -6% and Poland at -5.7%. On the other hand, Luxembourg saw the largest increase at +19.1%, with Portugal at +2.4% and the Czech Republic at +1%.
