Cyprus recorded one of the EU’s largest monthly increases in industrial producer prices in July 2026, as energy costs pushed prices higher across the bloc. Industrial producer prices in Cyprus rose 2.3% from June, giving the country the fourth-largest monthly increase among EU member states, according to first estimates from Eurostat.

Cyprus Ranks Near The Top In Monthly Gains

Ireland recorded the strongest monthly increase at 4.3%, followed by Spain and Italy at 3% each. Cyprus ranked fourth with its 2.3% rise. By contrast, industrial producer prices fell most sharply in Estonia, down 3.3%, followed by Finland at 1.6% and Sweden at 1.1%.

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Energy Drives Higher Producer Prices

Across the euro area, industrial producer prices increased 1.6% month on month in July, while the EU recorded a 1.4% rise. Energy was the main driver, with prices increasing 5.6% in the euro area and 4.7% across the EU.

Euro area capital goods prices rose 0.3%, while intermediate and durable consumer goods were unchanged. Non-durable consumer goods declined 0.1%, leaving industrial producer prices flat when energy was excluded.

EU data showed a similar pattern. Intermediate goods rose 0.1%, capital goods increased 0.3%, and durable consumer goods gained 0.2%, while non-durable consumer goods fell 0.2%. Excluding energy, industrial producer prices increased 0.1%.

Annual Producer Price Growth Remains High

Industrial producer prices in the euro area were 5.8% higher in July than a year earlier, while the EU recorded a 5.6% increase. Energy remained the largest contributor to annual growth, rising 12.9% in the euro area and 12.5% across the EU. Euro area intermediate goods increased 6.3%, capital goods 2.6% and durable consumer goods 2.9%, while non-durable consumer goods fell 0.7%.

Across the EU, intermediate goods rose 6%, capital goods increased 2.4%, and durable consumer goods gained 2.8%. Non-durable consumer goods declined 0.9%, while industry excluding energy increased 3%.

Ireland Leads Annual Increases

Ireland posted the largest annual increase in industrial producer prices at 14.8%, followed by Lithuania at 12.9% and Bulgaria at 12.5%. Luxembourg was the only EU member state to record an annual decline, with industrial producer prices falling 7.3%.

The July figures show that industrial price pressures remain uneven across Europe, with energy costs continuing to play the largest role in the broader increase.