NEWS | Wednesday, 03 September 2008

Industrial producer prices up by 1.1 per cent in euro area

Up by 0.9 per cent in EU27

In July 2008 compared with June 2008, the industrial producer price index rose by 1.1 per cent in the euro area (EA15) and by 0.9 per cent in the EU27. In June, prices increased by 1.0 per cent and 1.4 per cent respectively.
In July 2008 compared with July 2007, industrial producer prices gained 9.0 per cent in the euro area and 11.0 per cent in the EU27.
These figures come from Eurostat, the Statistical Office of the European Communities.
Monthly changes
In July 2008, compared with the previous month, prices in total industry excluding the energy sector rose by 0.5 per cent in both the euro area and the EU27. Prices in the energy sector increased by 2.8 per cent and 1.9 per cent respectively. Intermediate goods gained 0.8 per cent in both zones. Non-durable consumer goods rose by 0.2 per cent in the euro area and by 0.3 per cent in the EU27. In both zones, capital goods and durable consumer goods increased by 0.2 per cent.
Among Member States for which data are available, the highest increases were registered in Bulgaria (+2.9 per cent), the Netherlands (+2.1 per cent) and Germany (+2.0 per cent), and the lowest in the Czech Republic (+0.1 per cent) and the United Kingdom (+0.2 per cent). The industrial producer price index remained stable in Ireland.

Annual changes
In July 2008, compared with July 2007, prices in total industry excluding the energy sector increased by 4.3 per cent in the euro area and by 4.9 per cent in the EU27. Prices in the energy sector rose by 24.5 per cent and 29.4 per cent respectively. Intermediate goods gained 5.6 per cent in the euro area and 6.5 per cent in the EU27. Non-durable consumer goods increased by 4.6 per cent and 5.2 per cent respectively. Durable consumer goods gained 2.4 per cent in the euro area and 2.5 per cent in the EU27. Capital goods rose by 2.0 per cent and 2.5 per cent respectively.
Among Member States for which data are available, the highest increases were observed in Denmark (+23.2 per cent), the United Kingdom (+20.0 per cent) and Lithuania (+18.9 per cent), and the lowest in the Czech Republic (+5.3 per cent), Ireland (+6.1 per cent) and Slovakia (+6.3 per cent).