The European Rubber Journal is today reporting that higher costs of raw materials, particularly natural rubber, has prompted further price rises by major tyre manufacturers in Europe.

Michelin announced an 8 per cent increase in prices in Europe earlier this month (February), with Goodyear now reported to be planning a similar 8 per cent increase for consumer and commercial tyres sold in the region.

Continental is also reported to be moving to offset the impact of higher costs on its products.