Industrial producer prices up by 0.6% in both euro area and EU28

 

In September 2017, compared with August 2017, industrial producer prices rose by 0.6% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August 2017, prices increased by 0.3% in the euro area and by 0.4% in the EU28.

In September 2017, compared with September 2016, industrial producer prices rose by 2.9% in the euro area and by 3.3% in the EU28.

Monthly comparison by main industrial grouping and by Member State
The 0.6% increase in industrial producer prices in total industry in the euro area in September 2017, compared with August 2017, is due to rises of 1.5% in the energy sector, of 0.4% for intermediate goods and of 0.2% for durable consumer goods, while prices remained stable for capital goods and non-durable consumer goods.

Prices in total industry excluding energy rose by 0.1%.

In the EU28, the 0.6% increase is due to rises of 2.0% in the energy sector, of 0.4% for intermediate goods, of 0.2% for durable consumer goods and of 0.1% for non-durable consumer goods, while prices remained stable for capital goods.

Prices in total industry excluding energy rose by 0.2%.

The highest increases in industrial producer prices were observed in the Netherlands (+2.9%), Denmark (+1.4%), Belgium (+1.3%) and Greece (+1.2%), while a decrease was recorded in Cyprus (-1.4%).
Annual comparison by main industrial grouping and by Member State The 2.9% increase in industrial producer prices in total industry in the euro area in September 2017, compared with September 2016, is due to rises of 4.6% in the energy sector, of 3.3% for intermediate goods, of 2.3% for non-durable consumer goods, of 1.0% for capital goods and of 0.7% for durable consumer goods.

Prices in total industry excluding energy rose by 2.2%.

In the EU28, the 3.3% price increase is due to rises of 6.0% in the energy sector, of 3.5% for intermediate goods, of 2.7% for non-durable consumer goods, of 1.1% for capital goods and of 1.0% for durable consumer goods.

Prices in total industry excluding energy rose by 2.5%.

Industrial producer prices rose in all Member States. The largest increases were recorded in Belgium (+7.0%), the Netherlands (+6.4%), Bulgaria (+6.0%), Estonia (+5.5%) and the United Kingdom (+5.4%).

Graph: Eurostat Industrial Prices

Source: Eurostat, 7th November 2017

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