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Industrial producer price index shows largest increase in EU

Industrial producer price index shows largest increase in EUIn July 2010 compared with June 2010, the industrial producer price index rose by 0.2% in both the euro area (EA16) and the EU27. In June 2010, prices increased by 0.3% in both zones. Malta showed the highest increase in the EU, rising by 15.1%

In July 2010 compared with July 2009, industrial producer prices gained 4.0% in the euro area and 4.4% in the EU27.

Monthly changes

In July 2010, compared with the previous month, prices in total industry excluding the energy sector increased by 0.1% in both the euro area and the EU27. Prices in the energy sector rose by 0.6% and 0.2% respectively. Intermediate goods gained 0.1% in the euro area and 0.2% in the EU27. Non-durable consumer goods increased by 0.1% and 0.2% respectively. Durable consumer goods and capital goods remained stable in the euro area and rose by 0.2% and 0.1% respectively in the EU27.

Among Member States for which data was available, the highest increases in the total index were recorded in Bulgaria (+2.3%), Cyprus (+1.8%), Denmark and the Netherlands (both +0.9%). Decreases were observed in Greece (-1.2%), Hungary (-0.6%), Spain and Lithuania (both -0.2%), Italy and Slovenia (both -0.1%).

Annual changes

In July 2010 compared with July 2009, prices in total industry excluding the energy sector increased by 2.0% in the euro area and by 2.2% in the EU27. Prices in the energy sector gained 9.7% and 10.0% respectively. Intermediate goods rose by 4.5% in both zones. Durable consumer goods increased by 0.9% in the euro area and by 1.3% in the EU27. Capital goods gained 0.5% and 0.9% respectively. Non-durable consumer goods rose by 0.2% in the euro area and by 0.5% in the EU27.

Among Member States for which data was available, the largest increases in the total index were observed in Malta (+15.1%), Hungary (+9.9%), Bulgaria (+9.0%) and Finland (+7.7%). The only decrease was observed in Slovakia (-0.7%).

These figures come from Eurostat, the statistical office of the European Union.




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