Industrial producer prices in Cyprus increased by 0.3% in June, according to Eurostat, extending the upward trend after a sharp 3.2% rise in May. Prices had also increased by 0.3% in April following a 0.6% decline in March.

The broader European picture was more subdued. Producer prices fell by 0.3% across the euro area and by 0.2% in the European Union compared with May, reversing the monthly gains recorded in both regions a month earlier.

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Energy Prices Weigh On Monthly Performance

The decline across the euro area was largely driven by energy prices, which dropped 1.5% month on month, while EU energy prices fell by 1.4%.

Excluding energy, industrial producer prices rose by 0.2% in both the euro area and the EU. Intermediate goods posted a 0.3% increase, while capital goods and durable consumer goods also recorded modest gains. Prices for non-durable consumer goods were broadly unchanged in the euro area and edged down by 0.1% across the EU.

Annual Growth Remains Strong

Compared with June 2025, industrial producer prices rose by 4.6% in the euro area and 4.7% across the EU.

Energy remained the main driver, with annual increases of 8.8% in the euro area and 10% across the EU. Intermediate goods also recorded strong gains, rising 6.1% and 5.7%, respectively, while prices excluding energy increased by 3% in the euro area and 2.9% across the bloc.

Bulgaria Records The Largest Increase

Among EU member states, Slovakia recorded the strongest monthly increase in producer prices at 1.1%, followed by Romania at 1.0% and Estonia at 0.9%. The steepest monthly declines were reported in Lithuania (-1.7%), Ireland (-1.5%), and Bulgaria and Greece (both -1.3%).

On an annual basis, Bulgaria posted the largest increase at 18.2%, ahead of Romania (14.3%) and Ireland (11.4%). Luxembourg was the only member state to record an annual decline, with producer prices falling by 3.2%.